RBA to lower the cash rate by 0.25% – Westpac

Market news

16 March 2020

RBA to lower the cash rate by 0.25% – Westpac

FXStreet reports that RBA today announces liquidity measures to support markets and foreshadows further policy measures to be announced on Thursday, Bill Evans from Westpac Institutional Bank briefs.

"The RBA Governor's Statement noted that the Reserve Bank 'stands ready to purchase Australian government bonds in the secondary market'."

"The Statement indicated that the action was aimed at supporting the smooth functioning of the bond market."

"This action in the bond market is not the Quantitative Easing policy which we have been anticipating will be adopted when the overnight cash rate reaches 0.25%."

Bank of Korea cuts base rate by 50 bps to 0.75%, joins in on the central bank chorus today

Asian session review: the US dollar fell against major currencies

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