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The Times

The RBA has lost some patience on rates, but it isn't rushing to push them up: here's why

  • Written by Isaac Gross, Lecturer in Economics, Monash University
The RBA has lost some patience on rates, but it isn't rushing to push them up: here's whyshutterstock

It is coming up to 18 months since Australia’s Reserve Bank last cut its cash rate.

And what it did then was merely a further cut, from an unprecedented low of 0.25% to a fresh unprecedented low of 0.10%

Since it last changed the direction of rates (started cutting instead of hiking) it has been 10 years and five months.

Which is...

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