The Reserve Bank of Australia cuts its benchmark interest rate to 2.75%, down from 3.00%.
The Reserve Bank of Australia slashes its official cash rate to a historic low 0.1%, in an attempt to boost spending in the economy and address the high rate of unemployment caused by the COVID-19 pandemic. It is also expected that the cash rate will not go up for at least another three years.
The Reserve Bank of Australia confirms it issued approximately 46 million new Australian $50 notes in late 2018 with a typo in the background fine print: "responsibility" is misspelled as "responsibilty", the third "i" is missing. The mistake appears three times on the note and is extremely small requiring magnification to see. Part of the rollout of Australia's redesigned currency, the A$50 notes feature the first female member of an Australian parliament, social reformer Edith Cowan.
The central bank of Mexico announces that it is holding its benchmark interest rate at 4%, where it has been since a half-point cut announced in March, despite recent reports of inflating consumer prices.
The Australian Federal Police charges six senior executives, all former employees of two companies owned by the Reserve Bank of Australia, Securency and Note Printing Australia, in relation to alleged bribery of officials in Malaysia, Vietnam and Indonesia.