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RBA Cuts Cash Rate to New Record Low .5 per cent, Housing Market Remains Strong

RBA Cuts Cash Rate to New Record Low .5 per cent, Housing Market Remains Strong

by Emman Panti | Mar 3, 2020 | Investment

The Reserve Bank of Australia decided to reduce the cash rate to a new record low of 0.50 per cent. The board came to this decision in response to the economic impacts brought out by the coronavirus outbreak. In his statement, Governor Philip Lowe said COVID-19 is...

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