Economic forecasts had assumed rates at 1% by year-end

The board has not yet made a decision, much depends on labour market

Rate decision was not in response to deterioration in outlook since May

Rate cut is to lead lower AUD than otherwise would have been the case

Easing aimed at spurring jobs growth, lifting inflation

One option is for fiscal support, including spending on infrastructure

Banks should fully pass through rate cut through mortgage rates

Well aware that savers will be disappointed by rate cut