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Australia’s Central Bank Expected to Cut Rates to a Fresh Record Low

  • Rate, yield target will be cut to 0.1%, bond buying unclear
  • Economists expect new bond buying focused at 5-10 year range
Bloomberg business news
WATCH: Giulia Specchia, macro strategist at UBS Securities, discusses Australia's monetary policy. (Source: Bloomberg)
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Australia’s central bank is expected to cut interest rates to a fresh record low, reduce its three-year yield target and unleash further bond buying as it tries to turbo-charge a recovery now that the country is released from lockdown.