RBA Cash Rate Held – November
December 1, 2020 Uncategorised
As predicted by most in the industry, the RBA has today handed down its decision to keep the historically low cash rate of 0.1% steady as Australia heads into the Christmas period.
This decision will help keep economic growth strong as we move into a recovery period resulting from the Covid-19 pandemic.
With Victoria enjoying it’s 32nd day free of new Covid-19 infections, and with no active cases in the state, there is optimism surrounding the retail and hospitality sector as we head into the festive summer season, with hopes that increased local spending will give the Victorian economy an extra boost.
The RBA do not meet in January.