The European Central Bank's governing committee, Knott, said that he was more or less satisfied with the market's expectations for interest rate cuts. (Golden Ten)
Reserve Bank of Australia President Block said that the market expected a rate cut too early, and the recent rate cut is inconsistent with the committee's thinking. The committee did consider raising interest rates. It is prepared to raise interest rates if necessary. If the CPI does not match expectations, it will raise interest rates.