Central bank employs emergency measures to combat economic impact of COVID-19 pandemic. Effective tomorrow, 20 March, the official cash rate will be slashed to a new record low of 0.25%. The RBA has previously communicated that 0.25% is its floor; rather than moving to 0%, the central bank will likely look to other support measures moving forward. I imagine that the lenders will pass this on very quickly. #ratesdrop #cv19 #COVID19 #pandeic #2020 #mortgage #homeloan #investmen