Australia’s official cash rate has fallen below 1.0 per cent for the first time in history with some economists saying it will stay down for at least another two years.

At its October meeting on Tuesday, the Reserve Bank of Australia made the widely expected decision to drop the rate to 0.75 per cent — the third time it has wiped 25 basis points off since June.

Source: https://www.news.com.au/finance/economy/interest-rates/rba-interest-rates-reserve-bank-cuts-rate-to-075/news-story/1273c2b5e3dcda15a47e30e862bbbb77