Australia cuts rates to record low amid coronavirus concerns | Covid -19
Edited By WION Video Desk
Published: Mar 03, 2020, 20:57 IST | Updated: Mar 03, 2020, 20:57 IST
The Reserve Bank of Australia has cut official interest rates to a new record low of 0.5% due to the “significant effect” of the coronavirus outbreak on the Australian economy and has signalled it is prepared to cut further if needed.
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