Your Interpretation/comprehension of what the Deputy Governor of the RBA is saying is plain wrong.
Here is macro business's take on it - http://www.macrobusiness.com.au/2012/12/interest-rates-have-further-to-fall-to-hit-emergency-lows/
As I've said before, if you are right then Swan was wrong in 2009 - I'll back the "greatest treasurer in the world" over you.
As a result, the cash rate today is around 1½ percentage points lower than it otherwise would have been A DECADE AGO
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