As you’re likely aware, the coronavirus has NOT slowed. In fact, the coronavirus pandemic was having deep ramifications for financial systems right around the world, until central banks stepped in.
So in his unprecedented speech late last week, Dr Philip Lowe announced an Emergency Rate Cut along with other measures effective immediately. We’ve mentioned this to you in last week’s episode on COVID-19 and Property Outlook.
As promised, this bonusisode features Ben’s update on the whole monetary and fiscal policy stimulus program… plus, he also explains what this means for the economy, property owners and for those who might be doing it tough, or could find themselves in a compromised position, during this time of uncertainty.
p.s. Make sure you don’t miss out on our COVID-19 and Share Market Analysis Bonusisode as well!
Here’s What We Cover…
- COVID-19 and Finance Update
- RBA Rate Cut
- Governer’s Philip Lowe underlying message
- The Five Key Measures mentioned in his speech last week
- What’s a repayment holiday and how can that help you
- and lots more
Additional Helpful Resources on COVID-19
National Update: Click here
- Australian Capital Territory – Click here
- New South Wales – Click here
- Northern Territory – Click here
- Queensland – Click here
- South Australia – Click here
- Tasmania – Click here
- Victoria – Click here
- Western Australia – Click here
One Final Word…
If you’re worried about your finances or if you have no clarity on your cash flow position, we strongly recommend you to organise your finances now. It’s more important than ever to have a clear view, down to the exact cent, on how much you’re spending each month and how much surplus you’ve got. If you don’t know it, then log in to your Money SMARTS Platform here and update the numbers.
Don’t have an account yet? Create your free access below and we’ll also send you an e-copy of the instruction manual which is also our best-seller book, Make Money Simple Again. Just fill in the form below and we’ll email it to you right away.