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In a press conference scheduled on Thursday, the Australian PM Morrison addresses the nation, in times of the coronavirus-led distress and panic in the markets.

Key quotes

Travel ban will be placed on non-residents, non-Australian citizens.

Ban will come into force on Friday at 9pm local time.

Overwhelming number of cases of coronavirus have come from overseas.

Government to announce economic measures in the coming days.

 

more to come …

  • Australian bond yields surge after RBA’s rate cut
  • RBA cuts Official Cash Rate by 25 bps to 0.25%, AUD/USD bounces