From 1990 to now. The ONLY time the cash rate has fallen below the current 4.25% was Feb 2009, which coincided with the heights of the GFC*. During that time rates crashed from 7% to 3% within 8 months.
Now whatever spin you put on it, these levels are emergency rates and according to a lot of experts, Australia is in a great position. Something isn't right.
http://www.rba.gov.au/statistics/cash-rate.html
*the GFC (global financial crisis) was the largest international financial crisis since the Great Depression.
