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Reuters
Reuters
Business

Australia central bank to buy A$500 million in government bonds

FILE PHOTO: A worker pushing a trolley walks with pedestrians past the Reserve Bank of Australia (RBA) head office in central Sydney, Australia, March 7, 2017. REUTERS/David Gray

The Reserve Bank of Australia (RBA) on Wednesday offered to buy A$500 million ($358.50 million) in 2023 Australian government bonds as part of its quantitative easing programme to keep short-term yields around the cash rate of 0.25%.

The central bank has purchased A$51.4 billion in government securities, including semi-government bonds, since it launched QE on March 20.

($1 = 1.3947 Australian dollars)

(Reporting by Wayne Cole; Editing by Shri Navaratnam)

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