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Reserve Bank drops interest rates to a record low

The Reserve Bank of Australia in Sydney

The Reserve Bank of Australia in Sydney Source: AAP

Australia now has record low interest rates after the Reserve Bank decided to drop the cash rate to just 0.5 of a per cent. The central bank's decision comes on a day when there are warnings the economic fallout from coronavirus could push some countries into recession.


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By Greg Dyett

Presented by Claudette Centeno-Calixto

Source: SBS




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Australia now has record low interest rates after the Reserve Bank decided to drop the cash rate to just 0.5 of a per cent. The central bank's decision comes on a day when there are warnings the economic fallout from coronavirus could push some countries into recession.



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