Sarb to buy government bonds
South African central bank also broadens refinancing operations to boost liquidity
The South African Reserve Bank said it will begin buying government securities in response to the Covid-19 outbreak.
In a statement on March 25, the central bank said it would begin making purchases “across the yield curve” in the secondary market. A decision on the amount and maturity of the bonds is yet to be made.
“In addition to providing liquidity and promoting the smooth functioning of domestic financial markets, this will allow the Sarb to enhance its monetary policy portfolio,” the
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