Markets have had a substantial correction today on the back of the coronavirus spreading to other nations coupled with the breakdown in talks between the Saudis and Russian to curb oil production. This has caused oil to drop by about 10% as Saudi Arabia ramps up production in retaliation to ... Read more
Archives for March 2020
WHO Joint Final Report of Covid-19
I recently read the WHO (World Health Organisation) report on the coronavirus and thought I would provide a brief synopsis of this report. I have also attached the report for those of you who would like to read it in its entirety. It has some illustrative charts which presents the issue at hand ... Read more
Statement by Philip Lowe, Governor: Monetary Policy Decision —March 3rd 2020
Number 2020-06 Date 3 March 2020 At its meeting today, the Board decided to lower the cash rate by 25 basis points to 0.50 per cent. The Board took this decision to support the economy as it responds to the global coronavirus outbreak. The coronavirus has clouded the near-term outlook ... Read more