Appendix  https://www.rba.gov.au/speeches/2021/sp-dg-2021-05-06.html  23/26  5/6/2021  Monetary Policy During COVID | Speeches | RBA  Table 1: Chronology of RBA's support for the economy and financial system in response to COVID-19 3 March 2020 Statement by RBA Governor: Monetary Policy Decision  Cash rate target reduced from 0.75 per cent to 0.5 per cent.
RBA will ensure that the Australian financial system has sufficient liquidity. 16 March 2020 Statement by RBA Governor  The RBA stands ready to purchase Australian government bonds in the secondary market to support the smooth functioning of that market.