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)
(Reporting by Wayne Cole; Editing by Shri Navaratnam)
