The Property Couch RBA March 2020 - The Coronavirus Spreads Right Across The Economy
It’s the first Tuesday of the month which means the RBA Board has met and announced the official cash rate! And to no surprise, they’ve decided to cut it by 25 basis points to 0.5%. Now, this commentary features Ben’s update on the cash rate as well as the biggest impact on the data this month…
“COVID-19”, aka… The Coronavirus!
As you’re probably aware, the coronavirus has NOT slowed… in fact, it’s definitely leaving its mark on the economy… globally, as well as here in Australia. To give you an idea… last week alone, six trillion dollars was wiped off the world’s stock markets! Six trillion. So, what are we in for?
- COVID-19 and it’s impact on the global and domestic economy
- How is it affecting the demand side of our travel, tourism and educational sector
- Updates on the countermeasures taken by the United States Fed Reserve
- Movement in the Australian Dollar
- Unemployment rate data and how’s our wage growth performing
DISCLAIMER: This podcast is general information only and is an opinion comment by Ben Kingsley. The information contained in this video is for Australian residents only. The information does not take into account the particular investment objectives or financial situation of any potential viewer. It does not constitute, and should not be relied on as, financial or investment advice or recommendations (expressed or implied) and it should not be used as an invitation to take up any investments or investment services. No investment decision or activity should be undertaken on the basis of this information without first seeking qualified and professional advice.
The Property Couch, its employees or contractors do not represent or guarantee that the information is accurate or free from errors or omissions and therefore provide no warranties or guarantees. The Property Couch disclaims any and all duty of care in relation to the information and liability for any reliance on investment decisions, claiming the use or guidance of this publication or information contained within it.
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