Beat low rates with these quality ASX dividend shares

This afternoon the Reserve Bank of Australia opted to keep the cash rate on hold at 0.1%. While this was largely expected to be the case, cash rate futures were hinting that a cut to zero could be coming.

Unfortunately, the central bank looks unlikely to be raising rates any time soon. Governor Lowe stated: “…wage and price pressures are subdued and are expected to remain so for some years.”

And while there may be a slight uptick in inflation in the near term, this is only expected to be temporary.

Mr Lowe explained: “It will take some time to reduce this spare capacity and for the labour market to be tight enough to generate wage increases that are consistent with achieving the inflation target. In the short term, CPI…