By Swati Pandey and Wayne Cole
By Swati Pandey and Wayne Cole
SYDNEY, March 17 (Reuters) – Australia’s central financial institution reiterated it stood able to ease coverage additional within the face of the ‘unprecedented’ unfold of the coronavirus, including to hypothesis of aggressive stimulus this week to counter the widening financial fallout of the pandemic.
Minutes of the Reserve Financial institution of Australia’s (RBA) March assembly launched on Tuesday confirmed policymakers had been prepared and prepared to ease financial circumstances additional to help the Australian economic system.
Members additionally agreed it was essential to “preserve contact” given the velocity of occasions, suggesting they might think about shifting earlier than the following scheduled coverage assembly on April 7.
Speculators latched on to a pledge by the RBA this week that it’ll announce a brand new bundle of stimulus measures on Thursday, betting it could embrace an out-of-cycle lower to the money fee to 0.25% along with unconventional coverage measures to loosen monetary circumstances.
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