Australia central bank embarks on QE, cuts rates to record lows
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SYDNEY (Reuters) - Australia's central bank cut interest rates for a second time this month on Thursday after an out-of-schedule policy meeting and made a foray into quantitative easing for the first time to help blunt the economic fallout from the coronavirus pandemic.The Reserve Bank of Australia (RBA) reduced its cash rate to an all-time low of 0.25% and said the board would not tighten policy until it achieves its employment and inflation goals.It also set a target for the yield on..