The majority of analysts – 18 out of 29 – that had been expecting a further cut in the cash rate at the Reserve Bank of Australia (RBA)'s second monetary policy meeting of 2015 were surprised on March 3 when the reserve bank left the rate unchanged at 2.25 per cent. Analysts read a 'wait-and-see' stance into the reserve bank's most recent communication, though the explicit easing bias leads most to expect more cuts ahead.