Business
RBA keeps interest rates at 0.25pc as Victoria struggles to contain coronavirus outbreak – ABC News
Australia’s official interest rate has been kept at an historic low of 0.25 per cent despite the Reserve Bank’s concern about the economic effects of stage 4 restrictions in Melbourne.
Australia’s official interest rate has been kept at an historic low of 0.25 per cent.
Key points:
- The RBA kept interest rates on hold at a record low 0.25 per cent
- The Reserve Bank said it will buy Government bonds tomorrow to keep their interest rates down within its target
- CBA has downgraded its economic forecasts and said there was an increase in people on JobSeeker payments last month
Despite the Victorian Government imposing stage 4 restrictions across M…
Continue Reading
-
Noosa News18 hours agoPolice officer who tracked Toyah Cordingley’s phone gives evidence at Rajwinder Singh’s murder trial
-
General18 hours agoARIA Awards 2025 winners: Amyl & The Sniffers and Ninajirachi dominate
-
General10 hours agoSmall-town cleaner finds himself in legal battle with EnduroShield over product packaging
-
Noosa News17 hours agoMurray Watt claims Queensland will follow Sussan Ley and ditch net zero by 2050