Australian and US rate cuts underline seriousness of the coronavirus crisis
- Written by Richard Holden, Professor of Economics, UNSW
This week the Reserve Bank of Australia did something everyone expected and the US Federal Reserve did something almost nobody expected. Both are revealing.
At its monthly meeting Australia’s central bank cut official interest rates by 25 basis points to a record low of 0.5%.
The Fed cut rates by 50 basis points – not at a regular...
Read more: Australian and US rate cuts underline seriousness of the coronavirus crisis
