The Reserve Bank of Australia will publish a Monetary Policy Announcement at 2.30pm today.
Then at 4pm, the governor, Philip Lowe, will deliver a speech from RBA headquarters in Sydney that will be
webcast, audio only.
Dr Lowe will then take questions from the media and others, these arrangements being only one novelty today.
A cut in the cash rate to 0.25 per cent from 0.50 per cent seems certain, with the RBA to outline goals to "control" the yield curve and the range of government bonds it will deal in to support this policy.
The Australian this morning reports the RBA may "potentially offer cheap funding for banks to lend to small and medium-sized businesses" alongside a form of loan guarantee to bank for SME loans, the latter funded from the budget.