RBA Lowe says its possible the cash rate will be 0.25% for the next 5 years

Reserve Bank of Australia Governor Philip Lowe is appearing in front of the Parliament's House of Representatives' Standing Committee on Economics

• says its possible the cash rate will be 0.25% for the next 5 years
• hopes it will not be that low for that long but its possible
• its possible the cash rate could be lowered to 0.1% but not at the point where easier policy would help

Earlier from the Gov:

• RBA Gov Lowe says not expecting a lift in economic growth until December quarter