RBA buying A$2B of April 2024 plus A$2B QE

By Sophia Rodrigues

Published On 12 Nov 2020 , 11:24 AM

The RBA is buying A$2 billion of April 2024 government bonds under the yield target policy, in addition to its purchases under QE today. The buying is in response to rise in 3-year yield away from the RBA's 0.1% target.

Under QE, the RBA is buying A$2 billion of November 2028 to May 2032 bonds (except November 2031).

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