This was just the beginning - more to come."The Board therefore...

This was just the beginning - more to come.

"The Board therefore judged that it was appropriate to ease monetary policy further to provide additional support to employment and economic activity. It will continue to monitor developments closely and to assess the implications of the coronavirus for the economy. The Board is prepared to ease monetary policy further to support the Australian economy".

The government is also working on assistance.

"The Australian Government has also indicated that it will assist areas of the economy most affected by the coronavirus".

And more to come globally.

"In most economies, including the United States, there is an expectation of further monetary stimulus over coming months".

No way they are going to let corona virus destroy global growth. There will be that much ammo thrown at it globally that it will result in asset price inflation - property, shares. That is their game plan so let's wait & see what happens. Either works or collapses everything.

RBA announcement here: https://www.rba.gov.au/media-releases/2020/mr-20-06.html