RBA purchases A$900 billion of government bonds

25 Mar 2020 12:18 PM

RBA announced Wednesday morning a new stimulus package, amounting to A $ 900 billion, in an effort to address the risks posed by the outbreak of the Coronavirus virus.

As Australia begins to impose new restrictions to cope with the outbreak, it will begin to negatively affect state government revenues, mainly to help calm volatility in the semi-government bond market.

The Australian Reserve will also offer $ 10 billion in repurchases tomorrow, to help address dollar-related financing pressures.


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