From Trump to Lady Gaga, a lot's happened in the world since rates last changed
The Reserve Bank of Australia (RBA) board on Tuesday sliced official interest rates to 1.25 per cent - the lowest level on record.
It also marked the end of a record period of rates remaining at the same level.
The RBA, then under governor Glenn Stevens, took the cash rate to 1.5 per cent in August 2016.
A lot has changed since then, not least that Mr Stevens finished his term and was replaced by Philip Lowe.
Here are a few other changes in that time:
• Malcolm Turnbull was replaced as prime minister by Scott Morrison, who then went on to win the May 18 federal election.
• Jacinda Ardern became the Prime Minister of New Zealand, had her first child - a daughter named Neve - and is now engaged to Clarke Gayford.
• Australians voted in favour of legalising same-sex marriage in a postal survey by a margin of 61.6 per cent to 38.4 per cent. It was passed by the House of Representatives in December 2017.
• The House of Commons overwhelmingly approved Theresa May's Brexit plans in late 2016. This year Ms May lost several votes on her Brexit plan and announced her decision to step down as prime minister.
• Prince Harry married Meghan Markle. The pair had their first child, Archie, earlier this year.
• Prince William and Kate, Duchess of Cambridge, had their third child, Prince Louis.
• Australia won 29 medals, including eight gold, at the Rio Olympics. Two years later, the Commonwealth Games were held on the Gold Coast, where Australia won 198 medals, including 80 gold.
• France won the soccer World Cup, defeating Croatia in the final 4-2.
• Nine Marvel Cinematic Universe films have been released, with the global gross of all the films topping $US18 billion, before Endgame.
• An inquiry headed by Robert Mueller was started into claims of Russian interference in the 2016 US presidential election. It was completed in March.
• Steve Smith, David Warner and Cameron Bancroft were suspended for their roles in a ball-tampering incident against South Africa in the third Test in Cape Town.