17 Mar 2020

Covid-19: What other financial moves may be needed

From Morning Report, 8:22 am on 17 March 2020

Yesterday the Reserve Bank slashed the official cash rate to a record low 0.25 percent.

The US Federal Reserve also cut its interest rates again yesterday - this time to near zero.

The Reserve Bank's chief economist Yuong Ha told our Business Editor Gyles Beckford other financial moves may be needed here as the economic ground keeps shifting while countries deal with Covid-19.