Reserve Bank’s purchase of local bonds slows in August
The decrease is in line with a drop off in purchases that began in earnest in June, as market conditions eased
07 September 2020 - 08:36
UPDATED 07 September 2020 - 18:13
The SA Reserve Bank’s purchases of government bonds tapered off sharply in August, a sign the bond-buying programme that was launched to smooth the functioning of the local market, may have achieved its goal.
It is, however, too early to call time on the programme, argued economists, given still looming risks including weak public finances and the outcome of the upcoming medium term budget policy statement in October...
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