Opinion
Reserve Bank move set to (slowly) lift interest rates
Winding back a pandemic-forced monetary policy will gradually begin to affect mortgage payments, writes Isaac Gross.
Opinion
Winding back a pandemic-forced monetary policy will gradually begin to affect mortgage payments, writes Isaac Gross.
News
There has been a rapid deterioration in the economic outlook since the Reserve Bank of Australia board last met in August.
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Lockdowns, unemployment and uncertainty mean Australia’s economic pain is likely to continue for years, writes Peter Martin.
The market remains almost certain the Reserve Bank will act to cushion the impact of the coronavirus by cutting the cash rate to a record low 0.5 per cent.
As world share markets go into freefall as an ever-spreading coronavirus sparks fears of a potential global recession, the Reserve Bank of Australia could well cut interest rates this week to soften the impact.
Australia’s economy may have reached a “gentle turning point” on the back of lower interest rates and recent tax cuts, Reserve Bank of Australia Governor Philip Lowe says.
