Having cut the cash rate between meetings to 0.25 per cent, there was never going to be another rate cut today, but the Reserve Bank did say it has now bought about $36 billion worth of government bonds on the market, injecting that much freshly made money into the system. Governor Philip Lowe said today they will keep doing that, but smaller and less frequent purchases will be required.

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Associated Press 11 May 2020 11:44 CEST

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