Bank Lending Falls In Australia - First Since 1992

From Bloomberg:
Australian Lending Declines for First Time Since 1992

Jan. 30 (Bloomberg) -- Australian bank lending unexpectedly
fell in December for the first time since 1992 as borrowing by
companies slumped, increasing pressure on the central bank to
cut interest rates next week to ease a squeeze on credit.

Total loans provided by banks and other finance companies
declined 0.3 percent from November, the Reserve Bank of
Australia said in Sydney today. The median estimate of 19
economists surveyed by Bloomberg was for a 0.5 percent gain.

I say go for a cut of 1.5% i am still short those rates.