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.
Read MoreBUSINESS LIAISON ANNOUNCEMENT
March 15, 2020
Of course there should be a Coronavirus Business Liaison Unit in the Federal Treasury.
Read MoreCONFIRMED: 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.
Read MoreNEW 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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