Economic Update Video – April 2020

The health and economic impacts of the coronavirus increased exponentially in March, as did the response of national governments and central banks, below is a video to assist you to stay up to date with the latest indicators.

Global markets fell during March, reacting to the ongoing situation and government stimulus measures with volatility.

The cash rate for April has been left unchanged, however the RBA cut the cash rate twice in March:

  • 4/3/2020 decreased to 0.5%
  • 20/3/2020 decreased to 0.25%

The RBA also began buying government bonds to bring yields down in line with the cash rate. The RBA additionally offered a term facility to banks so they can supply credit to small and medium businesses.

In these unprecedented and challenging times we are here for you. Please get in touch if you’d like assistance with your personal financial situation.

Information on this site may be regarded as general advice. That is, your personal objectives, needs or financial situations were not taken into account when preparing this information. Accordingly, you should consider the appropriateness of any general advice we have given you, having regard to your own objectives, financial situation and needs before acting on it. Where the information relates to a particular financial product, you should obtain and consider the relevant product disclosure statement before making any decision to purchase that financial product.

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