RBA cuts rate to record low and commences QE

By Loren Webb · 19 March 2020 · News

RBA cuts rate to record low and commences QE

RBA Makes Historic Move to Combat Pandemic

The Reserve Bank has taken drastic action to support the economy, but what does it mean for your wallet? Find out why this is a game-changer for Australia's financial future.

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Summary

The Reserve Bank has cut the interest rate to a record-low 0.25 per cent in an historic suite of economic support to cushion the blow of the coronavirus pandemic. The widely anticipated emergency rate cut means the central bank has also pulled the trigger on its first-ever quantitative easing program in a bid to boost […]