The Reserve Bank today saw fit to cut the cash rate to a new record low 0.75 per cent – its third cut in five months – in a bid to light a fire under a spluttering economy. Reserve Bank of Australia governor Philip Lowe says the ‘significant effect’ of coronavirus is behind a cut in official interest rates to 0.5%. Photograph: Mick Tsikas/AAP The Reserve Bank of With a rate cut, the prime rate lowers, too, and credit cards likely will follow suit. Most credit cards come with a variable rate, which means there's a direct connection to the Fed's benchmark rate. The interest rate targeted by the Federal Reserve, the range of the federal funds rate, is currently 1.0% to 1.25%. That’s after the Fed cut it half of a percentage point on March 3, 2020.   It was the first rate cut in 2020 and came in response to the threat posed to the economy by the coronavirus.

3 days ago Federal Reserve makes announcement before markets open. The central bank said it will use its “full range of tools” to battle the economic relief from our cuts, but they'll matter a lot more when the economy begins to recover. Independent Chairman of the Board Sonia Petering Just Bought Shares In 

Reserve Bank expected to cut rates amid calls for more government spending Australia records first case of person-to-person transmission of COVID-19 Armed police storm pub after apparent stand-off The Reserve Bank has slashed interest rates from 0.75 per cent to a fresh record low of 0.5 per cent The RBA has now cut interest rates four times within the past year

A guide to how the Reserve Bank of New Zealand releases information including Monetary Policy Statements, Financial Stability Reports and associated media conferences, Official Cash Rate announcements, news releases, speeches, Official Information Act request responses, articles and research and statistics.

Reserve Bank of Australia governor Philip Lowe says the ‘significant effect’ of coronavirus is behind a cut in official interest rates to 0.5%. Photograph: Mick Tsikas/AAP The Reserve Bank of

• Full report: Reserve Bank cuts interest rates to historic low to boost weak economy Updated The Reserve Bank of Australia board has cut the cash rate to 0.75%.

The Reserve Bank has slashed interest rates from 0.75 per cent to a fresh record low of 0.5 per cent The RBA has now cut interest rates four times within the past year Winners and losers from the Fed’s rate cut. The Federal Reserve says that it’s cutting interest rates by 0.25 percent, lowering the federal funds rate to a range of 2 percent to 2.25 percent. This latest rate decrease was widely expected and follows a series of four interest rate hikes in 2018. The Federal Reserve cut interest rates by half a percentage point following an unscheduled meeting Tuesday, an emergency move designed to bolster the U.S. economy against the rapidly spreading • Full report: Reserve Bank cuts interest rates to historic low to boost weak economy Updated The Reserve Bank of Australia board has cut the cash rate to 0.75%. When the Reserve Bank lowers interest rates tomorrow, it will be firing off one of the last six shots remaining in the chamber. The warning signs point to an exceptionally weak economy susceptible Trump wants the Federal Reserve to lower interest rates to zero or below. That could mean lower borrowing costs but also meager bank savings rates. But the Fed cut its key rate in July for the Interest Rate Decisions – 2019. The Reserve Bank sets the target ‘cash rate’, which is the market interest rate on overnight funds. It uses this as the instrument for monetary policy, and influences the cash rate through its financial market operations.

The Federal Reserve cut interest rates by half a percentage point following an unscheduled meeting Tuesday, an emergency move designed to bolster the U.S. economy against the rapidly spreading

Reserve Bank expected to cut rates amid calls for more government spending Australia records first case of person-to-person transmission of COVID-19 Armed police storm pub after apparent stand-off The Reserve Bank of Australia announced on Tuesday a cut in the cash rate by 25 basis points to 0.5%, a new record low. Never has a virus featured so prominently in a Reserve Bank statement. The word “coronavirus” is mentioned nine times in the governor’s seven-paragraph statement. His board cut the cash rate RBA reduces cash rate costs by another 0.25% despite rising house prices. This blog is now closed • Full report: Reserve Bank cuts interest rates to historic low to boost weak economy Federal Reserve Chair Jerome H. Powell pauses during a news conference on March 3 while discussing an emergency interest rate cut. The Fed subsequently slashed U.S. interest rates to zero on The Reserve Bank today saw fit to cut the cash rate to a new record low 0.75 per cent – its third cut in five months – in a bid to light a fire under a spluttering economy. Reserve Bank of Australia governor Philip Lowe says the ‘significant effect’ of coronavirus is behind a cut in official interest rates to 0.5%. Photograph: Mick Tsikas/AAP The Reserve Bank of

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