Today’s address by the RBA Governor Philip Lowe acknowledged the costs and risks associated with very low interest rates and has held the interest steady at 0.75%. Also, RBA is of the view that the GDP growth for 2020 shall be largely unaffected due to the government grants and insurance payments that shall assist many people. Additionally, the Governor said:
- The effects of the bushfires would reduce GDP growth by around 0.2 percentage points across the two quarters;
- The RBA expects further progress to be made towards full employment and the inflation target, although the progress is likely to remain slow;
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.