Rates cut again - that's the bottom say the RBA

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 #investmentloan #RBA

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