Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Australia c.bank to buy $1.4 bln bonds in first round of QE

Published 05/11/2020, 11:20 am
Updated 05/11/2020, 11:24 am
© Reuters.

SYDNEY, Nov 5 (Reuters) - Australia's central bank announced a A$2 billion ($1.4 billion) auction of seven-to-10-year government bonds on the first day of its quantitative easing programme on Thursday in an effort to keep borrowing costs low for the virus-ravaged economy.

Following its monthly meeting on Tuesday, the Reserve Bank of Australia (RBA) trimmed its cash rate to an all-time low of 0.1% and announced a A$100 billion quantitative easing programme, targetting long-dated bonds. Thursday, the RBA offered to buy bonds, maturing between November 2028 and May 2032, excluding December 2030, it added. ($1 = 1.3924 Australian dollars)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.