8 Aug 2019

Cash rate cut a chance for infrastructure spending - industry

From Morning Report, 7:16 am on 8 August 2019

With the cost of borrowing at an all-time low, the government and the country are being told to seize the moment and spend to help boost the economy.

The Reserve Bank slashed the official cash rate to a record-low of 1 percent on Wednesday, citing low business and consumer confidence and slowing global trade. Hamish Cardwell reports.