Which key events have been driving markets? Watch this video with Bob Cunneen, Senior Economist at MLC Asset Management, to find out.
Market Update – September 2020
By upwealth
In
Economic Update
The global economic recovery continues, however growth is uneven across regions and there were signs of a loss of momentum in Europe through the September quarter. US President Trump stepped up his trade rhetoric ahead of the presidential election with talk of a “decoupling” from the Chinese economy amid a widening trade deficit. China is…
Monetary Policy Decision – Statement by Philip Lowe, RBA Governor, September 2020
By upwealth
In
Economic Update
At its meeting today, the Board decided to maintain the targets for the cash rate and the yield on 3-year Australian Government bonds of 25 basis points. It also decided to increase the size of the Term Funding Facility and make the facility available for longer. Under the expanded Term Funding Facility, authorised deposit-taking institutions (ADIs)…