"The Reserve Bank has cut interest rates to a new record low of 0.25 per cent and announced a money-printing program for the first time in its history to prevent a recession because of the coronavirus pandemic. The RBA will buy Australian government bonds as part of its first-ever quantitative easing program, and provide a three-year funding facility to provide cheap loans for Australian banks."
ABC, less than an hour ago.
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Afternoon trading March 19, page-184
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