Look around the word, rates have gone negative.
The way it works in Australia, a 25bps cash rate coupled with QE is effectively a 0% interest rate (due to the interest rate corridor the RBA employs).
Unemployment data came out and its looking worse despite headlines, all gains were in part time work.
Now with the Coronavirus and China shutting down travel and businesses for at least 2-weeks, this will severely impact the global economy especially those linked to china like us.
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