The Reserve Bank of Australia (RBA) has cut interest rates by 15 basis points to a new record low of 0.1%. The cut was widely expected by markets. RBA Governor said in his statement that the Board decided on a package of further measures to support job creation and the recovery of the Australian economy from… Read more »
Australia has introduced tough new border controls in an effort to curb the transmission of COVID-19. Effective from 9pm (AEST), Friday March 20, all foreign nationals will be banned from entering the country. The ban applies to all non-citizens and non-residents. The PM has announced the move following consultation with New Zealand Prime Minister Jacinda… Read more »
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