Australia

Coronavirus Rate Cuts: Australia’s Central Bank Did It First thumbnail

Coronavirus Rate Cuts: Australia’s Central Bank Did It First

half a percentage point, between 1 and 1.25 percent, in its first emergency measure since the 2008 global financial crisis.The cuts in Australia and the U.S. are designed to boost demand to assist in easing pressure for local businesses and homeowners. It marks the first cut for Aussies this year and is further evidence that…