Business
Will interest rates go up in a recession? – Yahoo Finance Australia
How has this Covid-19 recession affected interest rates?
The widespread economic impact of the coronavirus outbreak continues to put Australias economy under strain with the nation recording negative economic growth for the first time in nine years. But what does this mean for our interest rates?
What is a recession?
A recession is a decline in economic activity, which means businesses and individuals are spending less money.
A recession in Australia is generally defined by contractions in economic growth over two consecutive quarters. Some econom…
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