The Reserve Bank of Australia on Monday bought A $ 4 billion ($ 2.3 billion) of local government bonds as part of its quantitative easing program to keep short-term cash rate around 0.25%.
it bought across maturities from A $ 891 million in May 2021 bonds to A $ 1.15 billion in December 2021 and A $ 850 million in April 2027. He also bought A $ 1.1 billion in November 2028 bonds.
Friday - was the first day of the bond-buying program - the Reserve Bank of Australia bought A $ 5 billion to ensure that credit was cheap and freely available across the economy as the impact of the Coronavirus deepened.