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Captain Stevo actually has a misch easier job than many other central bankers in the world.

The reason why we "need" a rate cut is the mining bust. To counter the effects of the bust, we need a lower AUD. Captain Stevo aka Governator wants it at 75c US. The forex markets priced in a rate cut, therefore the AUD dropped to 77c. If Stevo doesn't cut rates or does not...

But this one says 67% chance. http://www.asx.com.au/prices/targetratetracker.htm And the AUD has dropped to from 80c to 77c in anticipation. That's when the "Shadow Governor" wrote something on Herald Sun and circulated on Twitter in the banking circles.