Early Edition with Kate Hawkesby

So what do we know today that we didn't know yesterday after the big show from the Reserve Bank?  Well not much, really.  The cut was expected - it was already priced in. They're a bit more rosy on growth, it looks like the end of the cycle for cuts.  But beyond that, it really is guesswork.  The central outlook was 'balanced'. Meaning closed wallets could could hurt the outlook, higher housing prices and export prices could help it.  We put a lot of faith in the OCR to get us out of the rut. Even though it hasn't really worked thus far, even after six rounds of slashing. At one point in the presser the Chief Economist was almost repeating this like a mantra, as if by saying it over and over again, he'd will it to happen.  There are two problems here: First, we've heard it all before and not seen the results. Second, by their own admission, the GDP numbers we've been relying on aren't reliable.  There's a bunch of seasonality in the numbers - especially for that shocker in J