RBA Says Ready To Buy Bonds. Action Coming Thursday

They're throwing the kitchen sink at it - and then some. Central banks took more dramatic steps on Sunday and Monday (depending on where you're based) to shore up confidence as markets struggle to price assets and adjust to a new reality that finds large sectors of the world's most important economies effectively shutting down. RBNZ slashed rates by 75bps and promised to keep OCR parked at 0.25% for at least the next year, and the Fed unleashed what Jerome Powell probably assumed would be a "s