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Australia COVID: RBA tipped to boost bond buying as lockdowns bite

Australia COVID: RBA tipped to boost bond buying as lockdowns bite
afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.

Aid at hand as NSW lockdown set to extend

A jogger runs past the Sydney Opera House at Circular Quay. - AAP 1 of 1 5370537724001 The risk of a protracted virus lockdown in the nation s biggest city will have a major impact on the broader Australian economy, cooling the rapid recovery from last year s recession. Scott Morrison says the federal government is on the cusp of agreeing additional financial support measures with its NSW state counterparts. The prime minister and Treasurer Josh Frydenberg have been in close contact with the NSW premier and treasurer as developments worsen in the Greater Sydney area, and where 112 cases were reported on Monday. We are expecting some final proposals to come up later this evening when further talks are held, Mr Morrison told Sky News.

Workers and small businesses could be in with a chance of extra help

Scott Morrison says the federal government is on the cusp of agreeing additional financial support measures with its NSW state counterparts. The prime minister and Treasurer Josh Frydenberg have been in close contact with the NSW premier and treasurer as developments worsen in the Greater Sydney area, and where 112 cases were reported on Monday. We are expecting some final proposals to come up later this evening when further talks are held, Mr Morrison told Sky News. I think we are getting pretty close. The prime minister and Treasurer Josh Frydenberg have been in close contact with the NSW premier Gladys Berejiklian (pictured) and treasurer as developments worsen in the Greater Sydney area

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