RBA Keeps Policy Unchanged at 0.25%, Signals to Buy Australian Government Securities

SYDNEY–The Reserve Bank of Australia left its policy settings unchanged Tuesday as it navigates the country’s worst economic contraction since the 1930s and said it intends to buy more bonds to cap yields. The RBA kept its official cash rate at a record-low 0.25% and reaffirmed its 0.25% target for the yield on three-year government […]