RBA says it bought A$500 million of 3-year government bonds in operations today

Author: Justin Low | Category: Central Banks

This was already preluded by the RBA statement yesterday

The RBA is stepping in to buy 3-year bonds as part of its yield curve control efforts, as mentioned already yesterday here. This just reaffirms their commitment that they would want to keep such accommodative policy for an extended period of time.

If anything else, one can expect no hike in the cash rate over the next few years at least.

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