If the US economy goes the way everyone thinks it will then US interest rates will go even lower than they are now.
If US dollar and rates are on the way down that means Aus dollar will be going up. If Aus dollar goes up and there is an election looming it will be a brave RBA which will raise rates.
I cannot see the RBA geting the green light to raise rates if there is even a hint that it will put upward pressure on the dollar or that it will cause massive pain in the housing sector (they all vote).
Personally I think rates will remain where they are for a long time yet.
