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Reuters
Reuters
Business

Australia's central bank holds cash rate, expands bond buying

FILE PHOTO: Two women walk next to the Reserve Bank of Australia headquarters in central Sydney, Australia February 6, 2018. REUTERS/Daniel Munoz

Australia's central bank left its cash rate at a record low of 0.1% on Tuesday, while extending its bond buying program by another A$100 billion ($76.40 billion) and pledging to keep rates on hold until at least 2024.

The Reserve Bank of Australia (RBA) made the announcement following its monthly meeting. A Reuters poll of 22 analysts had found all expected a steady outcome this week.

(Reporting by Wayne Cole; Editing by Shri Navaratnam)

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