March 19, 2020 / 6:38 AM / 12 days ago

'Nothing is off the table' on policy stimulus, says Australia central bank governor

FILE PHOTO: Australia's new Reserve Bank of Australia (RBA) Governor Philip Lowe speaks at a parliamentary economics committee meeting in Sydney, September 22, 2016. REUTERS/Jason Reed

SYDNEY (Reuters) - Australia’s central bank will do whatever is necessary to make sure credit is freely available and that yield on three-year government bonds stays at its newly set target of 0.25%, Governor Philip Lowe said on Thursday.

“Nothing is off the table,” Lowe said in Sydney after giving a speech on the Reserve Bank of Australia’s (RBA) newly announced measures.

The RBA on Thursday cut its cash rate by 25 basis points to a record low 0.25% and for the first time ever announced a bond-buying program.

Reporting by Swati Pandey; Editing by Tom Hogue

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