Australian economic and fiscal update delivered

The Treasurer delivered Australia's economic and fiscal update yesterday. The update highlights the benefit to unemployment and GDP, among other things, provided by the Government's fiscal stimulus. The Treasurer goes on to provide details of the expected impact of COVID-19 to the budget and important economic indicators. Find the full set of release documents here.

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Australia's cash rate remains at 25 basis points

RBA maintains Australia's target cash rate at a historically low 25 basis points. You can read the statement by RBA Governor, Philip Lowe, following this link. #smallbusiness #interestrate #australian

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