A woman walks past the Reserve Bank of Australia sign in Sydney on October 4, 2016, as Australia's central bank kept interest rates at a record-low in the first meeting for newly minted chief Philip Lowe, amid solid domestic growth and signs that commodity prices had past their trough.
Australian growth has remained solid despite the economy's uneven transition away from mining-driven expansion, but a recent run of soft inflation figures gave the Reserve Bank of Australia room to cut rates in May and August to 1.50 percent.
 / AFP / WILLIAM WEST        (Photo credit should read WILLIAM WEST/AFP via Getty Images)