ABC News (Australia) published this video item, entitled “RBA cuts interest rates to record low of 0.1 per cent during COVID-19 recession | ABC News” – below is their description.
The Reserve Bank has cut interest rates to a record low of 0.1 per cent as the bank’s Governor confirmed Australia was not out of recession. The central bank confirmed it would buy $100 billion worth of Australian Government bonds over the next six months to lift inflation and encourage lending and investment — a measure known as quantitative easing. Subscribe: http://ab.co/1svxLVE
ABC News (Australia) YouTube Channel
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