The Reserve Bank has smashed the glass for its emergency virus response. It has slashed the official cash rate by 25 basis points to a new historic low of 0.5%. The fourth cut in ten months and the RBA says it's ready to go again.
The Reserve Bank has smashed the glass for its emergency virus response. It has slashed the official cash rate by 25 basis points to a new historic low of 0.5%. The fourth cut in ten months and the RBA says it's ready to go again.