RBA Interest Rate Decision
The RBA has committed to maintaining the existing Cash Rate, holding at 0.25%:
The coronavirus remains first and foremost a very major public health issue, but it is also having very significant effects on economies and financial systems around the world. Many countries are expected to experience large economic contractions as a consequence of the public health response. Large increases in unemployment are also expected. Once the virus is contained, a recovery in the global economy is expected, with the recovery supported by both the large fiscal packages and the significant easing in monetary policy that has taken place.
Click below to read the full statement from Statement by Philip Lowe, Governor: Monetary Policy Decision.
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