RBA to purchase an extra A$100 billion of bonds

The Reserve Bank of Australia (RBA) will add A$100 billion (US$76.6 billion) to its government bond purchasing programme once the initial A$100 billion programme is completed in April. The reserve bank announced the extension following its 2 February monetary-policy meeting, also confirming that it will continue its run-rate of A$5 billion of purchases per week, split 80-20 per cent between Australian Commonwealth government bond (ACGB)s and semi-government bonds.