The RBA has now had the cash rate on hold for 24 months and there appears to be no reason to change it now or at any time in the foreseeable future. Most economists are predicting no rate rise until 2020. Even then, after 2020 the next move may be a cut and not a rate rise.
While it is strange for Australia to have interest rates stable for such a long time, people must understand that in the rest of the world this is often the norm.
Japan has had close to zero interest rates for almost 10 years now and the US had close to zero rates for 7 years.
