RBA slashes rate, launches stimulus steps

By Alex Druce
Updated March 19 2020 - 5:58pm, first published 5:56pm
RBA Governor Philip Lowe said the major focus was to support jobs, incomes and businesses.
RBA Governor Philip Lowe said the major focus was to support jobs, incomes and businesses.

The Reserve Bank has cut the interest rate to a record-low of 0.25 per cent in an historic suite of measures to offset a likely loss of jobs and income during the COVID-19 pandemic.

Subscribe now for unlimited access.

$0/

(min cost $0)

or signup to continue reading

See subscription options

Get the latest Maitland news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.