RBA deputy governor, Debelle: Coronavirus causing large increase in risk aversion, uncertainty

The Reserve Bank of Australia deputy governor, Debelle, says coronavirus causing large increase in risk aversion, uncertainty.

Key statements

says lower interest rates to help offset demand shock from virus
rba's debelle says recent fall in a$ will provide a helpful boost to economy
rba's debelle says government stimulus package will provide welcome support to economy
rba's debelle: combined fiscal and monetary policy will help navigate a difficult period
rba's debelle says the effect of the virus will come to an end at some point
rba's debelle repeats impact of virus on tourism, education to take 0.5ppt from q1 gdp
rba's debelle says too uncertain to assess impact of the virus beyond march quarter
rba's debelle: australian banking system well capitalised, in a strong liquidity position
rba's debelle: have not seen any particular sign of pressure in our daily market operations
rba's debelle: liaison indicates no material disruption to exports of iron ore and coal at this stage
rba's debelle says global economy will be materially weaker in q1 and period ahead

More to come...