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

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    SYDNEY, Aug 5 (Reuters) - The Reserve Bank of Australia (RBA) on Wednesday offered to buy A$500 million ($358.50 million) in 2023 Australian government bonds as part of its quantitative easing programme to keep short-term yields around the cash rate of 0.25%.

    The central bank has purchased A$51.4 billion in government securities, including semi-government bonds, since it launched QE on March 20.

    ($1 = 1.3947 Australian dollars)

 
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