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…
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