The Reserve Bank will offer commercial lenders up to $200 billion in cheap cash to help bolster the recovery from recession with the depth of Australia's worst economic downturn since the end of World War II | swrighteconomy
The Reserve Bank will offer commercial lenders up to $200 billion in cheap cash to help bolster the recovery from recession with the depth of Australia's worst economic downturn since the end of World War II to be revealed on Wednesday., the RBA board on Tuesday surprised markets by extending its term funding facility that enables banks to access low-interest funds that can then flow to small and medium-sized businesses.
Exports fell 6.7 per cent, led down by an 8.3 per cent drop in coal sales and a 3.2 per cent slip in LNG sales. Iron ore exports defied the drop to grow by 5.4 per cent. He signalled more government support on top of low interest rates would be needed to help the economy.
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