19th March 2020 / Beth Oleyar: RESERVE BANK SLASHES INTEREST RATES TO 0.25% IN EMERGENCY MEETING

BREAKING NEWS | The Reserve Bank of Australia has held an emergency meeting this afternoon, slashing interest rates to 0.25 percent as the nation's economy battles through the coronavirus pandemic.

Governor, Philip Lower said, 'at some point, the virus will be contained and the Australian economy will recover. In the interim, a priority for the Reserve Bank is to support jobs, incomes and businesses, so that when the health crisis recedes, the country is well placed to recover strongly.'