Governor's Opening Statement to House of Representatives Committee

Glenn Stevens was speaking to parliament this morning and a link to the text of the speech is below.
The sense I get from it is that he is preparing us for a tightening. Of note is the following paragraph:

In fact, that is probably a reasonable characterisation of this downturn in general. On the
basis of the information to hand at present, this may well turn out to be one of the shallower
recessions Australia has experienced.

If this is the case Mr Stephens, when there is enough data to justify it, will want to remove the extreme stimulatory impact a 3% cash rate can have and move cash to a more neutral stance. I'm beginning to concede that a tightening before year end is a slim possibility. Ironically the fact that he's talking about cash rates going up could slow spending and therefore delay any upward move.

http://www.rba.gov.au/Speeches/2009/sp-gov-140809.pdf