The start of 2020 has certainly been challenging, from the devastating Australian bushfires over the new year period to the current global COVID-19 pandemic. This month, we look at developments in the March quarter and into April, a period which will be remembered in investment history as the “coronavirus crash”, as COVID-19 took hold of
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Interest rate announcement - April 2020As a result of the ongoing impact of the COVID-19 Pandemic, the RBA last month took the unprecedented step of cutting the cash rate twice (once at normal monthly meeting and an additional emergency cut later that month on 19 March) which saw the cash reach a historic low
At Harvest Financial Group, we’re continuing to monitor the evolving situation of Coronavirus ‘s impact on financial markets and people. In order to contain the spread of the very contagious Coronavirus (aka COVID-19), governments around the world are taking extraordinary measures to limit person-to-person contact within their populations, which in turn is taking a great
Interest rate announcement - March 2020This month, in the context of the Coronavirus outbreak and its impact on markets and consumer condfidence, the RBA has reduced the cash rate to a new record low of 0.50%. We expect this reduction to be at least partly passed on to borrowers. The inflation rate is currently
As we write, stockmarkets around the world seem to have finally taken notice of the Coronavirus outbreak. We are seeing headlines like “market tumbles” and “$50 billion wiped off market”. In spite of the virus being regarded as having serious economic consequences for some weeks now, the sell off seems to have been triggered by
Interest rate announcement - February 2020This month the RBA have left the cash rate on hold at 0.75% and continue to monitor the economy closely. The inflation rate is currently 1.7% which is below the RBA’s ideal range of between 2% and 3%. The First Home Loan Deposit Scheme is an Australian
