What cash rate did the RBA reach in 2017?

The cash rate set by the Reserve Bank of Australia (RBA) in 2017 was indeed 1.5%. Throughout that year, the RBA maintained a stable cash rate, which had been lowered to this level in August 2016. The decision to keep the rate unchanged was influenced by various economic indicators, including inflation rates, employment figures, and overall economic growth. When the RBA holds the cash rate steady, it suggests confidence in the current economic conditions, allowing for stability in borrowing costs for both consumers and businesses. Therefore, identifying the cash rate as 1.5% reflects an accurate understanding of the RBA's monetary policy decisions during that specific year.