If the RBA’s right, interest rates may not fall for another year. Here’s why. 
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The Federal Reserve held off hiking interest rates 
Sure, the RBA froze interest rates on Tuesday, but there's plenty of pain to come 
Why central banks are too powerful and have created our inflation crisis 
Inflation: why prices look likely to stay high in the UK and Ireland, and what that means for mortgages 
Will the RBA raise rates again? Unless prices surge over summer, it's looking less likely 
Inflation: I've been analysing the Bank of England's forecast over the past two years – here's how they got it wrong 
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Some market participants opined that the depressed situation of commodity markets, tempted the RBA to indicate further rate cuts and also to end the RBA governor Stevens chilling out rhetoric.
AUD/USD is currently trading at 0.7188. The pair was moving side ways from August ending, however there is no sign of depression momentum. A large share of AUD depreciation was led by USD exchange rate.
So the central bank may wait for the Fed lift-off to see if it has some side effects useful for them, as the rate hike did in the past.
"That means Stevens' advice for the RBA and its observers may have been smarter than it originally sounded Chill out, have a nice holiday and take another look at the situation next year", says Commerzbank in a research note.
