Australia central bank buys semi-government bonds as state revenues crunched by coronavirus
Share:
SYDNEY (Reuters) - Australia's central bank stepped into the semi-government bond market for the first time since launching its quantitative easing programme to combat the coronavirus pandemic as state revenues deteriorate sharply. The Reserve Bank of Australia (RBA) on Wednesday bought A$2 billion (1.02 billion pounds) in semi-government bonds - issued by state and territories - with maturities ranging between January 2026 and June 2030. The semi-government market has been under severe..