Australian RBA Interest Rate Decision

The 25 analysts polled on Bloomberg roughly half expected the Royal Bank of Australia - the RBA to cut rates 25 basis points to 4.25%, while the remaining half expected the RBA to hold rates steady at 4.5%

This setup a situation where there was a guarenteed move, since the 50% expectation of a cut had been priced into the market, so if they held rates steady some of that priced in cut would unwind and the Australian Dollar would rally.

Anyway they did go ahead and cut, and the Aussie Dollar sold off. This makes 2 cuts of 25 basis points in a row. The RBA is mostly doing this in response to the slowdown of the global economy as a whole, which is mostly being created by the Eurozone Debt Crisis which impacts business all around the globe.