Australia - NAB "expects the RBA has likely finished cutting Australian rates"

Comments from National Australia Bank in their preview of the employment data due today

In brief ... summary and bolding mine (... any errors in the summary are mine, but I'll try to find someone else to blame :-D )

• The unemployment rate is turning out better than the RBA expected at the May Statement on Monetary Policy
• NAB expects the RBA has likely finished cutting Australian rates, though we expect no increase before late 2016
• Labour force release is historically volatile
• We assess the risk for the AUD is from a stronger than expected outcome