Special March Meeting, 2020

At its meeting today, the Board decided to 

DROP THE CASH RATE TO A RECORD LOW 0.25%

The Governor of the RBA, Philip Lowe’s, statement is available in full CLICK HERE

The coronavirus outbreak is having a significant effect on the Australian economy.  Let’s hope these measures will support jobs, incomes and businesses through this difficult period.

I will keep you posted on developments from the lenders, over the coming week via our facebook page.