After thirty board meetings in which the rate had been held unchanged, the RBA lowered the cash rate in June from 1.5% to 1.25%. It then reduced again, to 1.00%, in July. Now it has cut the cash rate again, this time to 0.75%.Since the GFC, central banks around the world have refrained from raising their respective official rates as their countries’ economies improved. Prior to the GFC, when a...