RBA Cuts Rates and Increases QE Purchases for at Least 6 More Months

<p>As expected, RBA announced further monetary easing at today’s meeting. RBA cut the cash rate to 0.1%, from 0.25% previously. Similarly, the target for the yield on the 3-year government bond yield and the interest rate on new drawings under the Term Funding Facility were also lowered to 0.1%. Meanwhile, the central bank also cut [&#8230;]</p>
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