One word repeated 9 times explains why the Reserve Bank cut: it's ‘coronavirus’
- Written by Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University
Never has a virus featured so prominently in a Reserve Bank statement.
Reserve Bank of AustraliaThe word “coronavirus” is mentioned nine times in the governor’s seven-paragraph statement.
His board cut the cash rate from an all-time low of 0.75% to a new all-time low of 0.50% “to support the economy as it responds to the...
Read more: One word repeated 9 times explains why the Reserve Bank cut: it's ‘coronavirus’
