RBA RATE CUT IN FEBRUARY - WEIGHT PLACED ON DOWNSIDE RISKS TO ECONOMY

RBA RATE CUT IN FEBRUARY - WEIGHT PLACED ON DOWNSIDE RISKS TO ECONOMY
RBA Board judged the case for a rate cut as stronger, considering downside risks.
Concern over keeping policy too tight for too long.
No commitment to further rate cuts, but caution expressed about additional easing.
Inflation slowdown and wage growth were key reasons for the cut.
Discussion on possible spare capacity in the labor market.