Economic Update Video – June 2020

As May unfolded, hopes grew of economic re-opening, below is a video to assist you to stay up to date with the latest indicators.

Reserve Bank Governor Philip Lowe told a Senate Committee on COVID-19 the economic downturn was less severe than feared due to Australia’s better than expected health outcomes and government stimulus and support.

Australian shares bounced back by around 5% in May, while the US market rose 3%.

The cash rate for June has been left unchanged at 0.25%.

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