During the GFC, markets took 47 weeks to lose 38%. This time around, it took just 4 weeks from peak to trough to lose 38%! Markets have recovered around half of the downturn experienced in March culminating in a speedy recovery of approximately 15-20% in the past 2 weeks. Overall, markets are ... Read more
Archives for April 2020
Statement by Philip Lowe, Governor: Monetary Policy Decision
Date 7 April 2020 At its meeting today, the Board reaffirmed the targets for the cash rate and the yield on 3-year Australian government bonds of 25 basis points, as well as the other elements of the package announced on 19 March 2020. The coronavirus remains first and foremost a very major ... Read more