SYDNEY (Reuters) – The Reserve Bank of Australia (RBA) said it has bought A$3 billion ($1.8 billion) in sovereign government bonds on Thursday as part of its quantitative easing program to keep short-term yields around the cash rate of 0.25%.
Australia’s central bank bought across maturities with the maximum amount going into May 2021 bonds at A$1.19 billion. It also bought April 2023 bonds for A$893 million, and the remainder was used to soak up December 2021, July 2022 and November 2022 securities.
With Thursday’s purchase, the central bank has now bought A$18 billion in government securities, including semi-government bonds, since it launched quantitative easing on March 20.
(Reporting by Swati Pandey; Editing by Tom Hogue)
