RBA Cut Rate to 0.5%, Being the First Central Bank to Ease Due to Coronavirus

<p>RBA becomes the first central bank to cut interest rate in light of the negative impacts from the coronavirus outbreak. The central bank lowered the cash rate by -25 bps to 0.50% in March, expected to ease further in the near future. As revealed in the accompanying statement, the members worried that the pandemic could […]</p>
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