Australia central bank buys $3 billion government bonds in QE programme
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SYDNEY (Reuters) - The Reserve Bank of Australia (RBA) bought A$3 billion ($1.8 billion) (1.50 billion pounds) in sovereign government bonds on Thursday, with analysts estimating the central bank could soak up nearly half of all new supply in the market. With Thursday's purchase, the central bank has now bought A$18 billion in government securities, including semi-government bonds, since it launched quantitative easing on March 20 to blunt the economic fallout of the coronavirus pandemic.The RBA..