There is more than one potential catalyst for another interest rate cut.
The minutes of the Reserve Bank of Australia's monthly board meeting, released on Tuesday, reaffirmed the central bank's so-called "easing bias" by repeating, word for word, the key sentence from the previous minutes.
"Members agreed that the bank should again neither close off the possibility of reducing rates further nor signal an imminent intention to reduce them," the RBA said.
While the RBA's finger is curled around the trigger, it's not quite ready to pull it.
And maybe it never will.
The effect of earlier rate cuts "had further to run", the RBA said in the minutes.
So, the RBA is hoping, more might not be needed.
Its preference to delay further makes that clear.
But there are three reasons why it still might pull the trigger.
One could even bring the move forward to the November 5 meeting, seemingly ruled out by the `not now, maybe later' stance implied by the minutes.
That's the impasse between the US Congress and the Obama administration.
There's a real risk the dysfunction in the US political system will infect the world's financial markets should there be no agreement to raise the borrowing ceiling.
If so, a rate cut could come on November 5 - or even before it if things deteriorate quickly enough.
The RBA announces monetary policy changes at its monthly meetings and implements them the following day.
But that's its habit, not a law.
Between-meeting moves, even at odd times of the day, are possible.
In July 1987, to defend a besieged Aussie dollar, the RBA lifted interest rates twice in one day - and not at the usual time in the morning, as it was then, but after lunch.
Even with no all-out crisis, the ongoing anxiety could enhance the Aussie's safe-haven status enough to drive it up.
It's already risen from a low of 88.5 US cents in early August to over 95 US cents currently.
A blow up in the US debt crisis could easily push it back up to parity with the greenback.
Rate cuts would stand little chance of bringing it back down, but the RBA would hope to offset the negative economic impact of the higher exchange rate by lowering borrowing costs.
So there's a second potential catalyst for a cut.
Again, that could come as early as November if the appreciation was sudden enough and looked likely to be sustained.
A third reason - this time more likely to result in a later move, maybe February as many economists now expect, or even later - is the "rebalancing" of the economy.If the resource investment boom looks to be winding down faster than expected, or if the rest of the economy's response to lower interest rates is not as vigorous as the RBA hopes, then it will not back away from announcing another cut, or perhaps more.