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Number two, I'm not a fan of more stimulus or more easing.
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Investec economist Philip Shaw therefore cautioned against seeing more easing as a done deal.
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And with trade tensions on the rise, it's easy enough to expect more easing efforts.
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But the change pointed to more easing ahead to seek to lower corporate borrowing costs.
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Both banks also face some domestic opposition to more easing, making further moves politically complicated.
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However, he has warned that more easing may not be compatible with the Bank's inflation-fighting mandate.
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He has used the event the previous two years to flag the Fed's intention on more easing.
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Most economists expect more easing this year.
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Emerging markets are torn between trade war woes, hopes of more easing from central banks and geopolitical tensions.
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People in oil and equities markets were looking for more easing to provide price support, and didn't get it.
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After the Bank of Japan on Oct. 31 surprised markets with more easing, investors around the world boosted equities.
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The RBNZ is also ready to contemplate negative rates if more easing is needed, something the RBA has ruled out.
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He needed more easing.
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The upshot: more easing.
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At the same time, the prospect of even more easing from the Fed has kept the dollar on the defensive.
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The Bank of England also left the door open for more easing after it cut its forecast for UK economic growth.
