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
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
The US Federal Reserve has cut interest rates and the Bank of England may follow suit as the threat of coronaviruses takes hold. Major investment firms predict that the Bank of England could cut interest rates to boost the economy, the reports said. The US Federal Reserve and the Bank of Canada have already cut …. Read More
Fed cuts interest rates, but markets continue to fall Through Nick Beams March 5, 2020 Wall Street plunged again Tuesday after a record day hike of 1294 points from the Dow Jones on Monday, despite an emergency rate cut by the Federal Reserve of 0.5 percentage points. The market opened sharply lower then rose, the …. Read More
The Australian Federal Reserve announced on Tuesday that interest rates were cut by 0.5% to contain the negative impact of the spread of the new coronavirus on the Australian economy. The quarter-point reduction from the previous figure is the first since last October and places interest rates at their historic lowest.
© 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
By Le Figaro with AFP The Australian Central Bank (RBA) decided on Tuesday to maintain its interest rate at 1%, an all-time low, despite weaker-than-expected growth and concerns over the trade war. Central bank governor Philip Lowe said the interest rate would remain unchanged at 1.00%, but that the board would “further loosen monetary policy …. Read More
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