Economic Update Video – May 2020

Data released in April provided an early insight into the impact of the coronavirus on the Australian economy, below is a video to assist you to stay up to date with the latest indicators.

After a month of social and economic hibernation, there are signs that some of the restrictions will soon be loosened somewhat. This is welcome news for households, businesses and our economy.

Global markets continued to react to the ongoing situation with volatility.

The cash rate for May has been left unchanged. At 0.25% the cash rate is currently considered to be at its effective lower bound.

 

Information on this site may be regarded as general advice. That is, your personal objectives, needs or financial situations were not taken into account when preparing this information. Accordingly, you should consider the appropriateness of any general advice we have given you, having regard to your own objectives, financial situation and needs before acting on it. Where the information relates to a particular financial product, you should obtain and consider the relevant product disclosure statement before making any decision to purchase that financial product.

Liked this article? Share it!