coronavirus australia how many

  • 5 min read
  • Jan 31, 2019

Number of cases of coronavirus in Australia grows | Nine News ...
Number of cases of coronavirus in Australia grows | Nine News …

PM announces new travel restrictions and to respond to the RBA cut interest rates; NSW cases spike to 307; and Qantas and Jetstar cancel international flights as the economic impact of Covid-19 continues. Follow all the latest news, live

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Thu 19 Mar 2020 02:15 EDT

First published on Wed 18 Mar 2020 16:20 EDT

Steven Miles Queensland’s health minister has ordered all of Queensland who have been told to isolate themselves to STAY HOME.

Any traveler with symptoms were told to come to the test.

Anyone with contact with a confirmed case were also told to be tested, if they show symptoms.

All the health workers who showed symptoms were told to be tested and not come to work.

Updated
at 02:15 EDT

Queensland Health Minister and chief medical officer has announced that 50 people had been diagnosed with Covid 19 in the last 24 hours. That brings the total to 144. The Queensland case

There are no problems with power supply Australia.

As the energy market operator, AEMO can confirm that the Australian energy systems and markets that are currently operating in a safe and secure, as a nation respond to threats COVID-19. Our full statement on the situation going on here

Updated
at 02:09 EDT

Paul Karp

Phil Lowe has been added to the previous counsel term low interest rates – said the RBA expects a three-year official cash rate at 0.25%. Asked about what the RBA may do in the event of a fall screwed on home prices, he said:

“It is not high on our priority list. Our priority is people can keep their jobs and small businesses can survive. I think in the next few months, there will not be many transactions in the housing market. “

That said, the condition can be recovered at the end of this year.

Updated
at 02:08 EDT

Basically, one in Australia right now, is the Bridge over Troubled Water.

You will hear SO MUCH about the bridge in the next few months.

This analogy used by the RBA and the government -. measures used to get Australia out of this end of Covid-19 crisis to the other

But not everyone will be able to hold on the bridge – there will be businesses that go under and jobs lost

that’s why the government speaks of “cushion” -. income support measures were talking about.

Updated
at 02:00 EDT

Paul Karp

Phil Lowe is now answering questions from journalists.

She had asked what the next step is -. What else RBA can be done if today’s announcement is not enough

Lowe replied that he “would not speculate” but “nothing is off the table” because times were exceptional

Similarly, Lowe would not speculate about when the RBA will change the level of target bonds -. except to say coronavirus should be under control and the bank will need to be confident it will achieve the inflation target

One thing that seems to be off the table. further interest rate cut. Regarding the cash rate – Lowe reiterated that the lower limit of 0.25% is effective. We’ve hit rock bottom, and there will be no further steps to 0.

“We have done all we can at the level of the money.”

Updated
at 01:54 EDT

If you are on QF97 from LA to Melb Cells ago (17 March) in lines 71-75, and QF2130 from Melb to line 15-19 Canberra – ACT needs to talk with u – passengers now Covid – 19 + -. just sit in ‘close contact’ they line

Phil Lowe finished with just why this action from the RBA so significant:

Scheme-term funding and the target results three years both a very significant development and they would not have been considered under normal conditions , They both had financial and other risks to the Reserve Bank and they both represent a significant intervention by the Reserve Bank of Australia financial markets.

So the board of the Reserve Bank did not take this decision lightly. But in the context of the exceptional, and consistent with a broad mandate to promote the economic welfare of the people of Australia, we are looking play our full role in building that bridge to the time when the recovery does not take place.

By doing all that we can reduce costs in Australia to fund and support the supply of credit to businesses and we will helpour economy and our financial system is passing through difficult times.

We’ve never seen our Reserve Bank action in this way. If it gives you some idea of ​​how serious this – these include the global financial crisis.

Updated
at 01:45 EDT

Paul Karp

Reserve Bank Governor Phil Lowe also build a bridge to the other side:

“There is no doubt, what we have now is a situation that is very serious but also something temporary. As we deal with it as best as possible, we also need to look to the other side when things recover. When we got to the other side, all the fundamentals that have made Australia as successful and prosperous country, and fantastic it would still be there. I think we need to remember that. To help us get to the other side, though, we need to bridge. Without the bridge will be no damage, some of which will be permanently on the economy and people’s lives. And build bridges that require an integrated team effort with us all pull together in the interests of the country. “

Lowe said it’s impossible to give an updated economic forecasts for yang’terlalu fluid situation ‘.

Also, interest rates are rock-bottom will be in place for some time:

“At yesterday’s meeting the board also agreed that we will not raise interest rates from the current level to progress made toward full employment and that we are confident that inflation will be sustained between 2 and 3%.

This means that we tend to be at the current level of interest rates for an extended period of time. “

The RBA will not buy bonds directly from the government – is not going to buy in the “secondary market”, (stock market) where investors focus their securities to buy and sell

Updated
at 01:39 EDT

RBA governor, Phil Lowe, said the bank expects “significant job loss”.

I can not provide you with the latest set of economic forecasts.

The situation is too fluid.

But we are expecting a big hit for economic activity and incomes in Australia which will last for several months.

We also expect a significant loss of jobs.

The scale of these losses will depend on the ability of companies to keep workers during this challenging period.

We saw during the global financial crisis how flexibility in working arrangements is limited in job losses and benefit the entire community.

And I hope that the same will be true in the months ahead. It is also important to reiterate that we expect the recovery once the virus is contained.

the timing and strength of recovery will depend on how successful we are as a nation to build a bridge to the other side.

Updated
at 01:31 EDT

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