RBA keeps interest rates steady at 0.25%: ASX closes 1.8% lower
01 Sept 2020 – It hasn’t been a great start for September for the Australian share market. After a drop at the open, the market failed to gain momentum, closing 1.8% lower. The Reserve Bank of Australia has held official interest rates at a record low 0.25%. Shares in QBE Insurance Group (ASX:QBE) dropped after the announcement of the shock departure of its CEO. As for the sectors today, all of them closed in the red.
Source: Finance News Network