RBA buys A$900 mln of state government bonds

Dhwani Mehta FXStreet

The Reserve Bank of Australia (RBA) announced on Wednesday that it bought AUD900 million worth of state government bonds.

The central bank purchased A$530 million of New South Wales notes and A$370 million of Victoria notes.

RBA said earlier today that it would buy semi-government bonds worth A$ 2 billion maturing in Jan 2026 to June 2030. It also offered $10 bln in US dollar repo operation on Thursday.

These measures come in a bid to provide ample liquidity in the financial system to help cushion the economic shock from the coronavirus widespread.

RBA to offer $10 bln in US dollar repo operation, Aussie stays below 0.6000

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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