6th October 2020 | Business
Over the past 6 months, the Global economy has suffered due to the pandemic. The recovery is unstable and dependent on the containment of the virus.
The Reserve Bank of Australia (RBA) has held the official cash rate at 0.25% for the seventh month in a row, despite some speculation that the rate would fall in October.
RBA governor Philip Lowe said that while an economic recovery was underway, the board would keep funding costs low to support jobs, incomes and businesses.
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