Reserve Bank of Australia proposes to buy A$3b in govt bonds as part of QE
Add BT as a preferred source
[SYDNEY] The Reserve Bank of Australia (RBA) on Thursday proposed to buy A$3 billion (S$2.6 billion) in sovereign government bonds as part of its quantitative easing programme to keep short-term yields around the cash rate of 0.25 per cent.
The RBA will buy bonds with maturities in May 2021 to April 2024.
The central bank has purchased A$15 billion in government securities, including semi-government bonds, since it launched QE on March 20.
REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
Shanda co-founder sells Tanglin Hill bungalow for S$76 million
Nearly half of Apac’s wealthy expect market crash or correction, plan to rotate to cash: study
Jumbo Seafood to close flagship East Coast Seafood Centre outlet on Sep 30
