Media Releases

RBA ANNOUNCEMENT

March 19, 2020

Today the Reserve Bank has cut the cash rate to new record lows and taken a number of extraordinary and welcome steps to support the Australian economy and financial system.

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RESPONSE BY FINANCIAL REGULATORS TO CORONAVIRUS

March 16, 2020

Labor welcomes today’s news that the Reserve Bank and Australia’s financial regulators are taking coordinated action to support the functioning of markets, and boost credit, liquidity and economic activity during this challenging time.

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BUSINESS LIAISON ANNOUNCEMENT

March 15, 2020

Of course there should be a Coronavirus Business Liaison Unit in the Federal Treasury.

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STATEMENT ON CORONAVIRUS ECONOMIC STIMULUS PACKAGE

March 12, 2020

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CONFIRMED: GROWTH WAS WEAK BEFORE THE VIRUS HIT

March 04, 2020

The National Accounts confirm that quarterly growth slowed in the December quarter and was below average before the Coronavirus outbreak hit.

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NEW LOWS FOR THE CASH RATE AND MORRISON’S CREDIBILITY

March 03, 2020

Today’s decision by the Reserve Bank to cut the cash rate to 0.5 per cent is a new low for the cash rate and a new low for the Morrison Government’s economic credibility.

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WE'LL PUT PEOPLE FIRST