Good morning, it’s Georgie here in Sydney with this morning’s top news for you.

Today’s must-reads:
• RBNZ cuts interest rates
• ASIC is suing the ASX
• US inflation softens

Central bank watchers looking for a hint of what the RBA’s next move might be will turn their focus to Australian jobs data out this morning. New Zealand’s Reserve Bank yesterday surprised the market by cutting interest rates. The RBNZ, whose Governor Adrian Orr will appear on Bloomberg Television this morning, embarked on an easing cycle much sooner than previously indicated as the economy slumps and inflation slows. It stands in contrast to Australia’s central bank, whose governor just last week said she would not hesitate to raise rates if necessary.