In response to a question by Liberal MP Kelly O'Dwyer, Stevens answered that that if the Government had kept cutting or raising taxes to achieve the budget surplus, given the current state of the economy the bank would likely have needed to consider lowering rates. Crucially he noted that:

There would be nothing we could do, though, with interest rates, to offset that very short-term contraction [of spending cuts and tax rises], because interest rates do not work that quickly. So we would end up with a weaker economy.

So a budget surplus and lower interest rates would have us with a "weaker economy". Not your usual rhetoric.
http://www.abc.net.au/unleashed/4540670.html
How will the evil ones spin this one? No doubt LNP spin doctors will find some way to turn this result on it's head.