Economic impact of bushfires and coronavirus to be short-lived: RBA

The Reserve Bank of Australia has predicted the economic impact from the bushfires and coronavirus to be short-lived after the official interest rate was left unchanged on Tuesday at the record low 0.75 per cent. The February decision was in line with economist expectations after better than expected inflation data and a bump in employment figures last week. RBA Governor Philip Lowe said the economy was expected to grow by an estimated 2.75 per cent this year and 3 per cent next year. Image: Getty

from National | Daily Telegraph https://ift.tt/3belcvS