News: Australia central banks offers to buy A$500 mln in govt bonds

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    SYDNEY, Aug 6 (Reuters) - The Reserve Bank of Australia (RBA) on Thursday offered to buy A$500 million ($360.25 million) in Australian government bonds as part of its quantitative easing programme to keep short-term yields around the cash rate of 0.25%.

    The RBA proposed to buy bonds with maturities of Nov. 2022, April 2023 and April 2024.

    The central bank has purchased A$51.9 billion in government securities, including semi-government bonds, since it launched QE on March 20.

    ($1 = 1.3879 Australian dollars)

 
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