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The Reserve Bank of Australia (RBA) has slashed interest rates to 0.25 per cent after calling an emergency meeting to try to save the economy. The RBA will buy Australian government bonds as part of its first-ever quantitative easing program and provide a three year funding facility to provide low cost loans to Australian banks.
Read MoreNothing at m+h Private gets us more excited than a good ‘stimulus package’. The Government has announced a $17.6 billion stimulus package to combat the challenges the world is currently facing while dealing with the spread of corona virus (COVID-19). The package aims to help small to medium business by delivering support for investment and providing cash flow assistance.
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