Australia’s central bank ended a three-month hiatus from bond-buying and announced 2023 Australian government bond purchases totalling AUD500 million on Wednesday.
This bond-purchase program is intended to control its yield curve and is the first since May 4. The bank’s governor had earlier said that the central bank would restart its market interventions to keep the three-year bond rate at 0.25 Percent.
Aussie Market Reaction
The Aussie dollar traded without much surprise as the news was already priced in before the announcement. AUD/USD is trading around 0.7180, up by 0.31 Percent for the day.