Australia's central bank head turns into minimalist speaker

Governor Glenn Stevens chaired his final Reserve Bank of Australia policy meeting earlier this week and gave almost nothing away on the outlook for monetary policy as he handed over to successor Philip Lowe.

Bloomberg neatly summarized Stevens' last policy statement in this chart:

The statement accompanying his decision to keep the cash rate unchanged at a record low 1.5 percent was just 375 words long, the shortest since May 2015.

He’s “effectively leaving a reasonably clean slate” for Lowe, according to Royal Bank of Canada interest-rate strategist Su-Lin Ong.

A good role model for outgoing governors. Don't tie your successor's hands by committing the bank to a course of action you will no longer be part of...