03/03/2020
Lãi xuất cắt giãm xuống 0.5% từ ngân hàng trữ kim Úc để giúp nền kinh tế trong lúc dịch COVID-19 hoàn hành từ 4 tháng 2020.
The reserve Bank of Australia has further dropped the official cash rate to another record low of 0.5% effective from 4th March 2020.
The Reserve Bank of Australia has further dropped the official cash rate to another record-low of 0.5% - which will be effective from 4th March 2020.
Marking the fourth cut since June last year, The Adviser Magazine, reported on numerous industry experts commenting on the impact of the coronavirus (COVID-19) outbreak and its effects on the nation’s economic stability.
RBA governor Philip Lowe commented on the “outbreak rattling market confidence” and AMP Capital’s chief economist Shane Oliver, stated that the pandemic “will likely take the economy backwards this quarter with significant uncertainty around the duration [and to] see if there is a more ‘material’ rise in unemployment.”
According to CoreLogic's head of research, Tim Lawless, “Lower interest rates would normally be a catalyst for an acceleration in housing demand and value growth, however there is less certainty that this will add fuel to the housing market in the current economic climate… Furthermore, a low cash rate coupled with concerns around the global spread of coronavirus, has the potential to spook consumers and drag confidence lower.”
Read the full article here - https://www.theadviser.com.au/breaking-news/40089-rba-slashes-cash-rate-to-new-low
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