Reserve Bank bought R11.4bn worth of state bonds in April
The Bank has stepped up activity in the secondary bond market to boost liquidity
08 May 2020 - 09:57
UPDATED 08 May 2020 - 11:12
The Reserve Bank bought more than R11bn in government debt securities in April as part of a bond-buying programme to boost liquidity in financial markets that are reeling from the effects of the Covid-19 pandemic.
The central bank, which announced its plan on the eve of the imposition of the 21-day lockdown, upped its holdings to just more than R20.6bn from R9.2bn in March, according to data released on Friday. The overall market is estimated to be more than R2-trillion...
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