At a parliamentary event today, Reserve Bank Governor Philip Lowe is going to be quizzed about what the central bank intends to provide in the case that households and businesses will need additional measures of support through the coronavirus recession. It is the Parliament’s Economic Committee where a half-yearly update is being given with a prepared statement. This will run close to 3 hours in a Q&A with the committee. The prepared statement, key notes RESERVE BANK OF AUSTRALIA GOV LOWE SAYS Q2 GDP LIKELY TO SHOW DROP OF AROUND 7% 13-Aug-2020 17:40:00 – RBA GOV LOWE SAYS HIGH DEGREE OF UNCERTAINTY ABOUT THE OUTLOOK AND OUR ECONOMIC RECOVERY more to come… Market implications This follows the latest jobless figures which have shown the number of people unemployed topped one million for the first time. The jobless rate moved up to 7.5 % in July, even before the harsh Melbourne lockdowns took effect. The RBA has predicted that the unemployment rate will hit 10% by the end of the year, and still be around 7% in two years. The jobless rate was 5.1% before the virus entered Australia. `more to come… FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitcoin Cash Technical Analysis: BCH/USD bulls retreat from the $300-level FX Street 2 years At a parliamentary event today, Reserve Bank Governor Philip Lowe is going to be quizzed about what the central bank intends to provide in the case that households and businesses will need additional measures of support through the coronavirus recession. It is the Parliament’s Economic Committee where a half-yearly update is being given with a prepared statement. This will run close to 3 hours in a Q&A with the committee. The prepared statement, key notes RESERVE BANK OF AUSTRALIA GOV LOWE SAYS Q2 GDP LIKELY TO SHOW DROP OF AROUND 7% 13-Aug-2020 17:40:00 - RBA GOV LOWE SAYS HIGH DEGREE OF UNCERTAINTY ABOUT… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
