Australia central bank to announce A$100bil QE next week

SYDNEY: Australia's central bank will likely expand its government bond buying programme by about A$100 billion ($71.29 billion) at its meeting next week, targeting longer duration securities, according to a Reuters poll of 14 economists.

An overwhelming majority of respondents believe the Reserve Bank of Australia (RBA) will expand its quantitative easing programme to include five-to-ten year Australian government and semi-government bonds at its Nov.3 board meeting, the poll showed.