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Coronavirus lifts chances of RBA rate cut

Matthew Cranston

The Reserve Bank is set to further downgrade economic growth on the back of coronavirus and collapsing sharemarkets, pushing the chances higher for another interest rate cut on Tuesday.

The central bank, which sent its entire China-based staff home when travel restrictions were enforced, has been monitoring the hit to supply chains and domestic consumption from the coronavirus.

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Matthew Cranston was The Australian Financial Review’s United States correspondent.

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    Original URL: https://www.afr.com/policy/economy/coronavirus-lifts-chances-of-rba-rate-cut-20200225-p5441g