March 19, 2020 / 6:13 AM / 11 days ago

'Nothing is off the table' on policy stimulus, says Australia c.bank gov

SYDNEY, March 19 (Reuters) - Australia’s central bank will do whatever is necessary to make sure credit is freely available and that yield on three-year government bonds stays at its newly set target of 0.25%, Governor Philip Lowe said on Thursday.

“Nothing is off the table,” Lowe said in Sydney after giving a speech on the Reserve Bank of Australia’s (RBA) newly announced measures.

The RBA on Thursday cut its cash rate by 25 basis points to a record low 0.25% and for the first time ever announced a bond-buying programme.

Reporting by Swati Pandey; Editing by Tom Hogue

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below