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.