In terms of recent comments, today's opening remarks from Reserve Bank Governor, Glenn Stevens to the Senate inquiry looking into the Government's stimulus payments were a simple restatement of last Thursday's financial stability report and minutes from the September board meeting.

Briefly summarised: Australia has escaped the crunch, the economy is in good shape, the banks are fine and rates will need to rise when we think the economy is ready, which could be soon, or may not be, but don't be alarmed!