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Australia central bank to buy up to $2.9 billion of bonds in first round of QE

Pedestrians walk past the Reserve Bank of Australia building in central Sydney
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SYDNEY (Reuters) - Australia's central bank will buy up to A$5 billion ($2.87 billion)(2.51 billion pounds) in local government bonds on Friday, in the first round of its unlimited quantitative easing programme as it looks to cushion the economic shock from the coronavirus pandemic. The Reserve Bank of Australia's (RBA) operation is aimed at reducing the funding costs for banks so that cheap..
Date Published: Mar 20, 2020
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