The RBA is either delusional, trying to put on a brave face to not look clueless by flagging a loosening bias (having flagged the next move being a hike not that long ago), trying to hide the anxiety over the housing collapse (for which it said it's all fine and dandy) or have been spoken to my Morrison and Frydenberg to not create the impression the economy is in serious trouble because of the election.
The new guy is just as bad a Glen Stevens (the debt bubble machine guy feeling so glad that the sheet didn't hit the fan under his watch).