China to allow in U.S. health experts as the virus shows no sign of slowing. Coronavirus confirmed cases at 20,438; fatalities at 426. RBA kept interest rates on hold at 0.75% as expected. RBA: Signs that global growth slowdown is coming to an end, bushfires, and coronavirus to pose short-term threats only.
Comment:
China has applied for a new patent on an experimental Gilead Sciences Inc. drug that its scientists believe might fight the coronavirus.
Comment:
- AUD downside gathers steam as RBA cut GDP forecasts.
- The central bank expects the jobless rate to remain at 5.1% till December 2020.
- Policy to remain accommodative for some time and more easing may be required if the jobless rate rises, the SoMP said.
- The central bank expects the jobless rate to remain at 5.1% till December 2020.
- Policy to remain accommodative for some time and more easing may be required if the jobless rate rises, the SoMP said.
Gilead's drug is not licensed or approved anywhere in the world but is being rushed into human trials in China.