The Reserve Bank of Australia announced measures on 19 March designed to support the economy. Along with the expected cut to the cash rate and QE – to be delivered in the form of yield-curve targeting – the RBA will roll out a term-funding facility for banks and additional funding for lending to SMEs alongside “a complementary programme of support for the nonbank financial sector, small lenders and the securitisation market”, which the Australian Office of Financial Management (AOFM) will deploy.