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RBA to buy semi government bonds

Published date: 25 Mar. 2020 | 02:12

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.

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