John Kehoe is close to the RBA and writes just now:
The Reserve Bank of Australia may be forced into an emergency monetary policy easing after central banks in the United States and New Zealand slashed interest rates to almost zero overnight.
…The RBA may soon resort to an unscheduled rate cut and unconventional stimulus measures according to market economists and investors.
That does not sound like it is based upon any inside information. Hopefully it is right.
It must have known about the Fed’s co-ordinated action. And if it didn’t why didn’t it? The RBNZ obviously did.
Martin Place is standing in full view with its pants down.