The Reserve Bank of Australia will consider cutting interest rates on Tuesday as part of an emergency economic response to the coronavirus.
Prime Minister Scott Morrison and Treasurer Josh Frydenburg joined financial regulators over the weekend to prepare Australia's economic defences.
The virus impacted financial markets around the world with the Australian stock market suffering a $200 billion loss last week in its second worst week ever.
The RBA is expected to cut the 0.75 percent rate by at least a quarter of a percentage point.
Image: AP
