The cash rate in Australia is set by the Board of the Reserve Bank of Australia. A short essay to explain why the cash rate is now at a record low of...

The cash rate in Australia is set by the Board of the Reserve Bank of Australia. A short essay to explain why the cash rate is now at a record low of 1.5% per annum. Also, explain why the cash rate is expected to be stable for the remainder of 2017. Remember to give references in your references list at the end of your assignment.