News

Coronavirus has a new name (Covid-19) and has entered new markets.

Proving it is just a matter of confidence the RBA has been hell bent on getting Australia to full employment.

The RBA cut interest rates (yet again) to another record low this month. The official cash rate which is where banks borrow and lend overnight to the RBA now stands at 0.75%.

This week President Xi blinked, with a promise to buy $50b in US farm goods. In return, President Trump agreed to suspend an upcoming tariff increase on at least $250b in Chinese goods from 25% to 30% which was due to take effect this week. Both sides ultimately agreeing some deal is better than no deal.