'Whatever is necessary' - Australia dives into QE to save economy
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SYDNEY (Reuters) - Australia made a historic foray into quantitative easing on Thursday and said it would do "whatever is necessary" to ensure funding costs are low and credit is freely available as the coronavirus pandemic jolts businesses.Following an out-of-schedule meeting, 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..