Key Takeaways From The Reserve Bank’s Press Conference

Reserve Bank
Share on facebook
Share on twitter
Share on linkedin

Takeaways

– 10% drop in national output forecasted

– Total hours worked drop 20%

– Unemployment rate 10% by June

– Record low cash-rate of 0.25% introduced

– Unlimited quantitative easing

– Signs of recovery predicted for September

– 2021’s GDP could jump 6-7%

Subscribe to our Newsletter

Share this post with your friends

Share on linkedin
Share on facebook
Share on twitter
Share on google