Australia's central bank buys A$4b of government bonds
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[SYDNEY] The Reserve Bank of Australia (RBA) on Monday bought A$4 billion (S$3.36 billion) in local government bonds as part of its quantitative easing programme to keep short-term yields around the cash rate of 0.25 per cent.
It bought across maturities from A$891 million in May 2021 bonds to A$1.15 billion for December 2021 and A$850 million for April 2027. It also purchased A$1.10 billion of November 2028 bonds.
On Friday - the first day of its bond-buying programme - the RBA bought A$5 billion to ensure credit was cheap and freely available across the economy as the coronavirus impact deepens.
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
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
In taxing wealth, how far can Singapore push property owners?
