The Reserve bank of Australia has taken more radical steps than other central banks, during the global economic recovery. But in recent months, it's taken a more cautious approach, keeping rates on hold.
It's a strong indication that the bank is concerned about factors out of Australia's control. The sovereign debt crisis in Europe is continuing to spread, and isn't showing any signs of recovery.
At the same time, indicators from the US are showing the country's economic recovery is slowing down. It's a similar situation in China and across Asia. The Reserve bank is unlikely to make another move, until there's a clear sign that the world economy is recovering.