24 Mar 2020

Coronavirus: Reserve Bank moves to quantitative easing

From Morning Report, 7:37 am on 24 March 2020

After making an emergency cut to the Official Cash Rate last week to an all-time low of 0.25percent, the Reserve Bank is taking further steps to cushion the economic impact of the Coronavirus pandemic.

Yesterday the bank said it will spend up to $30 billion buying government bonds - a move economists call "quantitative easing" but which is commonly referred to as "printing money".

The bank's governor is Adrian Orr.

He speaks to Corin Dann.

You can read more here.