The Conversation

More than a rate cut: behind the Reserve Bank's three point plan

19-03-2020 Author: Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University

Reserve Bank Governor Phlilip Lowe.Mick Tsikas/AAP

Today’s cut in the Reserve Bank’s cash rate to 0.25% brings it a new all-time low and the floor below which it plans to cut no more.

It means the rates set by the Reserve Bank of Australia, the United States Federal Reserve, the Bank of England and the Reserve Bank of New Zealand are...

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