RBA to buy semi government bonds

Omkar Godbole FXStreet Contributor

As a part of its quantitative easing program, the Reserve Bank of Australia (RBA) will buy semi-government bonds worth A$ 2 billion maturing in Jan 2026 to June 2030.

The central bank cut rates to zero and announced bond purchases last week to stem the economic fallout from the coronavirus outbreak.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

EUR/USD meets initial support around 1.1800

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GBP/USD bounces off lows, retargets 1.3550

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Gold remains offered below $5,000

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UK jobs market weakens, bolstering rate cut hopes

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