Last week, the Reserve Bank made an emergency cut to the official cash rate, reducing it to a record low 0.25% amid fears COVID-19 could tip Australia’s economy into recession.
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As the fallout from the COVID-19 outbreak continues, the possibility of Australia entering lockdown is slowly becoming a reality.
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The coronavirus outbreak has evolved from shadowy threat to full-blown disaster, and governments and central banks around the world are scrambling to contain the fallout.
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All in this week’s banking recap.
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Amid fears the coronavirus outbreak will hasten a recession, the Reserve Bank will meet ahead of schedule tomorrow, with analysts expecting interest rates to drop to a fresh low of 0.25%.
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As the impact of the coronavirus outbreak comes into sharp focus, central bankers around the world are taking emergency action.
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All in this week’s banking recap.
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All in this week’s banking recap.
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As fears surrounding the coronavirus outbreak take a devastating toll on global share markets, it’s becoming increasingly likely that the Reserve Bank will cut official interest rates in its March meeting tomorrow.
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