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.

Read more here: https://www.abc.net.au/news/2020-04-07/wall-street-dow-jones-asx-coronav...

For more from ABC News, click here: https://ab.co/2kxYCZY

You can watch more ABC News content on iview: https://ab.co/2OB7Mk1

Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2

Promo code not required. The deal applies to a specific group of goods. The deal is available for all customers of the e-store. The deal is available without amount restrictions.

More videos

Associated Press 11 May 2020 11:44 CEST

AP Top Stories May 11 A