The RBA’s official interest rate has been at a historical low after the RBA reduced the cash rate from 2.0% to 1.5% in two steps in May 2016 and August 2016. While the ECB and the US Fed slashed their respective official rates to zero (or below) in the aftermath of the GFC, Australia’s central bank took a different path as Australia’s economy largely withstood the catastrophic falls in confidence...