RBA Interest Rate Decision- July

Jul 2020 - AU Mortgage News

The RBA continues to maintain the existing Cash Rate, holding at 0.25%:

The global economy has experienced a severe downturn as countries seek to contain the coronavirus. Many people have lost their jobs and there has been a sharp rise in unemployment. Leading indicators have generally picked up recently, suggesting the worst of the global economic contraction has now passed. Despite this, the outlook remains uncertain and the recovery is expected to be bumpy and will depend upon containment of the coronavirus. Over the past month, infection rates have declined in many countries, but they are still very high and rising in others.

Click the following link to read the full statement from Statement by Philip Lowe, Governor: Monetary Policy Decision: https://www.rba.gov.au/media-releases/2020/mr-20-17.html

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