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. 2020-11-3
The number of worldwide cases of COVID-19 surpasses seven million. The United States remains the global epicenter, accounting for approximately 26% of all reported and confirmed cases in the world. 2020-06-7