Can't help wondering if the movement of the banks away from the RBA rate movements has made the monthly hype irrelevant. Everyone got tied into an model that left Glenn Stevens in the hot seat. How relevant it may have been in today's economic melee is debatable, it was the norm.
Now there's a new norm. The RBA announcement and ... silence. The banks will now move when they please it would seem. So does that mean the 'RBA cash rate' has been relegated to something esoteric rather than a pivotal focus of national importance.