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Review of the Bond Purchase Program
In November 2020, the Reserve Bank Board introduced a bond purchase program (BPP) as part of a second package of monetary policy measures designed to lower the structure of interest rates in Australia. This package was implemented to provide additional support to job creation and the recovery of the Australian economy from the COVID-19 pandemic, thereby providing extra insurance against the ongoing risk of very bad economic outcomes. The BPP ultimately involved the purchase of a total of $281 billion of Australian, state and territory government bonds between November 2020 and February 2022. This review examines the ... (full story)
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RBA: BPP BENEFITS TO GOVERNMENT FINANCES ARE MATERIAL, BUT DIFFICULT TO QUANTIFY
— First Squawk (@FirstSquawk) September 20, 2022
RBA: RESULTING NEGATIVE EQUITY WILL NOT AFFECT ABILITY OF RBA TO DO ITS JOB
RBA: PLAN TO HOLD BPP BONDS TO MATURITY, RECEIVE FACE VALUE TO OFFSET ACCOUNTING LOSSES
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- Posted: Sep 20, 2022 6:01pm
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