Tag: rates

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Coronavirus: Australian interest rates cut to historic lows

In the climate of uncertainty that the coronavirus epidemic weighs on the economy, the Australian central bank has taken action. The Reserve Bank of Australia (RBA) announced on Tuesday that it will lower its key rate from 0.75% to 0.50%, its lowest level in history. The expansion of the coronavirus “obscures” the horizon of world ….  Read More

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Coronavirus: after the ECB, central banks in Brazil and Australia lower their rates

Central banks are taking out heavy artillery all over the world to try to cushion the coronavirus crisis. In the wake of the European Central Bank (ECB), which announced an emergency plan of 750 billion euros on Wednesday evening, its Brazilian and Australian counterparts in turn reacted by lowering their rates to historic lows. Growth ….  Read More

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Fed to cut rates by 1% in 2020, like other central banks (GS) By Investing.com

© Reuters. By David Wagner Investing.com – In a note released Sunday, Goldman Sachs (NYSE 🙂 bank said the Federal Reserve will likely join other global central banks to cut interest rates aggressively in response to the. According to Goldman, the Fed should indeed proceed with a rate cut of 0.50% (against 0.25% usually) at ….  Read More

Australian authorities to support tourism after devastating fires

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the central bank maintains its rates, improved in view

The Australian central bank maintained its key rate at its historic low on Tuesday, despite the “uncertainty” prevailing in consumer spending as the holidays approach. Reserve Bank of Australia (RBA) Governor Philip Lowe said the interest rate would remain unchanged at 0.75% as risks to the world economy had “eased recently”. The RBA had lowered ….  Read More