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.

The purpose of this website is to provide general information only and the contents of this website do not purport to provide personal financial advice. Financial Horizons (Cairns) Pty Ltd strongly recommends that investors consult a financial adviser prior to making any investment decision. The contents of this website does not take into account the investment objectives, financial situation or particular needs of any person and should not be used as the basis for making any financial or other decisions. The information is selective and may not be complete or accurate for your particular purposes and should not be construed as a recommendation to invest in any particular product, investment or security. The information provided on this website is given in good faith and is believed to be accurate at the time of compilation.

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