RBA announces policy easing measures (widely expected). Cash rate cut to 0.1%

Reserve Bank of Australia monetary policy decisions.

cash rate at 0.1%
3-year bond yield target at 0.1%
to expand government bond buying programme by A$100 bln
to buy government bonds of 5 to 10 years maturity
will buy bonds issued by the Australian government and by the states and territories, with an expected 80/20 split
reduces the interest rate on new drawings under the term funding facility to 0.1 per cent
the purchase of $100 bln of 5-10 yr govt bonds will be over the next six months
ESA cut to zero