RBA sells US$500m at third repo auction
By Sophia Rodrigues
Published On 09 Apr 2020 , 12:15 PMThe Reserve Bank of Australia’s third repo auction to provide US dollars attracted marginally less demand this week compared to the week before. The RBA sold US$500 million against a maximum amount of US$10 billion versus US$600 million sold last week.
Like the first two repos, the term was 84 days but the cut-off rate this time was 0.33% versus 0.32% last week.