RBA cuts interest rates, announces $70.4bn bond-buying programme ...Qatar

Australia’s central bank cut interest rates and announced purchases of longer-dated bonds to complement its yield curve control programme for shorter-length maturities as it seeks to drive a rapid economic recovery. The Reserve Bank of Australia lowered its key interest rate, yield-curve target and bank lending facility rate to 0.10% from 0.25%, as forecast by an overwhelming majority of economists.  It said it plans to buy A$100bn ($70.4bn) of government bonds with maturities of around 5-10 years over the next six months. “The combination of the RBA’s bond purchases and lower interest rates across the yield curve will assist the recovery by: Lowering financing costs for borrowers; contribu

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