SYDNEY: Australia's central bank trimmed interest rates to near zero on Tuesday and expanded its bond-buying programme, as widely expected, a much-needed salve to aid economic recovery from the country's worst recession in a generation.
The Reserve Bank of Australia (RBA) said it would buy A$100 billion ($70.41 billion) of government bonds with maturities of around five to 10 years over the next six months, with the first auction slated for Thursday.
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