The RBA is trying to un-stick a market gummed up by coronavirus fear – but there's only so much it can do

  • 📰 The Guardian
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 53%

United States News News

United States United States Latest News,United States United States Headlines

Australia’s central bank has thrown almost $15bn into credit markets and plans to spend more, but will it work?

Since Friday, the Reserve Bank of Australia has thrown almost $15bn into credit markets in a bid to get them moving again.Amid stockmarket mayhem on Monday, the RBA made it clear it was ready to spend up big – no number has yet been set – by buying government bonds, injecting Australia’s banks with the cash craved by executives running scared because of the coronavirus pandemic.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 84. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Australian stock market: mayhem as ASX200 tumbles 9.7% on coronavirus fearsIn biggest one-day fall in decades, 30% of the value of shares has been wiped from the index in less than a month due to coronavirus-inspired panic selling People are so dumb. Result of poor education. Chill the eff out everyone. Many of your have probably already recovered from the Wuhan Virus and didn't even know it Didn't you guys already post this a couple of times last week?
Source: The Guardian - 🏆 84. / 53 Read more »