RBA cutting to 0.25 provides 90 billion dollar funding for SMEs

  • Mar 20, 2020
  • Team Kalkine

The Reserve Bank has cut the official cash rate to a record low 0.25 per cent from 0.5 per cent, offering a $90 billion lending facility to banks for small business and announced quantitative easing measures including the purchase of government bonds.

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

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