The Reserve Bank of Australia (RBA) decided to slash cash rate down to 0.25 per cent to prevent a recession due to the COVID-19 pandemic. The RBA believes the economy will recover after the virus is contained. Earlier this month, RBA cut the cash rate down to 0.50 per...
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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