Economy

Australia’s GDP growth is likely to be “noticeably weaker than previously expected”, the RBA has said, ahead of an emergency monetary policy board meeting scheduled for this Thursday

The coronavirus outbreak could prompt the central bank to make an out-of-cycle rate cut later this week, and decrease house prices, according to a survey of economists.

The state government will inject approximately $2.3 billion into the NSW economy to support the community as it grapples with new challenges posed by the coronavirus outbreak.

The non-major has rolled out a range of support measures for customers affected by the coronavirus.

Auction markets across Australia remain strong despite coronavirus concerns, but housing activity could reduce over the coming weeks as the coronavirus outbreak becomes more widespread, ...

The Reserve Bank has met a sharp increase in demand for additional liquidity from Australia’s banks in light of growing market uncertainty from the coronavirus outbreak.

The banking sector has welcomed the federal government’s stimulus package, adding that it is ready to play its part in tackling the economic challenges posed by the coronavirus.

ANZ, NAB, and Westpac, and a neobank have all announced cuts to interest rates on some of their savings accounts, following the Commonwealth Bank’s decision to do the same.

The federal government has officially announced a $17.6 billion stimulus package designed to counter the downside impact of the coronavirus outbreak on the domestic economy.

The central bank has slashed its bank rate by 50 bps in an effort to curb the economic impact of the coronavirus outbreak.