Search: billion
RBA Glossary definition for billion
billion – One thousand million.
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The Yield and Market Function Effects of the Reserve Bank of Australia's Bond Purchases
24 May 2022
RDP
2022-02
they totalled $29 billion, and all were of either the November 2022, April 2023, or April 2024 AGS. ... Market economists expected total future purchases to be in the order of $100 billion.
https://www.rba.gov.au/publications/rdp/2022/2022-02/full.html
Introduction
24 May 2022
RDP
2022-02
3 billion in purchases of AGS and securities issued by the states and territories (semi-government securities, or semis) with residual maturity between 1 and 10 years. ... they totalled $29 billion, and all were of either the November 2022, April 2023,
https://www.rba.gov.au/publications/rdp/2022/2022-02/introduction.html
Non-technical summary for ‘The Yield and Market Function Effects of the Reserve Bank of Australia's Bond Purchases’
24 May 2022
RDP
2022-02
Purchases to support bond market function, totalling $51.3 billion. Purchases to support the three-year yield target, totalling $29 billion. ... The bond purchase program to lower longer-term yields, totalling $280.7 billion.
https://www.rba.gov.au/publications/rdp/2022/2022-02/non-technical-summary.html
Event Study of Announcement Effects
24 May 2022
RDP
2022-02
further QE program of around $80 billion on average, although the modal expectation was for a $100 billion extension. ... Market economists expected total future purchases to be in the order of $100 billion.
https://www.rba.gov.au/publications/rdp/2022/2022-02/event-study-of-announcement-effects.html
Conclusion
24 May 2022
RDP
2022-02
Occasional bond purchases were required to reinforce the target. Purchases did have an effect on yields, of around 1 basis point per $1 billion purchased, or 0.2 basis points per
https://www.rba.gov.au/publications/rdp/2022/2022-02/conclusion.html
Implementation Effects
24 May 2022
RDP
2022-02
buying a total of $29 billion across the November 2022, April 2023 and April 2024 AGS (Figure 8). ... Overall, we find that purchasing $1 billion of the target bond reduced the yield on that bond by 1 basis point.
https://www.rba.gov.au/publications/rdp/2022/2022-02/implementation-effects.html
How Bond Purchases Work, and the International Experience
24 May 2022
RDP
2022-02
The $100 billion of bond purchases announced by the Reserve Bank under the bond purchase program on 3 November 2020 was equivalent to around 5 per cent of nominal GDP in
https://www.rba.gov.au/publications/rdp/2022/2022-02/how-bond-purchases-work-and-the-international-experience.html