Cash rate is cut to new record low at 0.5% by RBA, due to coronavirus

By Loren Webb · 3 March 2020 · News

Cash rate is cut to new record low at 0.5% by RBA, due to coronavirus

Full details: Cash rate is cut to new record low at 0.5% by RBA, due to coronavirus

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Summary

The Reserve Bank of Australia has today made the decision to cut the cash rate to a record low of 0.5 per cent. Widely anticipated and expected, the decision was made in response to the economic effects of the coronavirus. The rate has come down from the 0.75 per cent rate which was announced last […]