# RBA boosts bond-buying to defend yield curve target - Central Banking

> The Reserve Bank of Australia increased its government bond purchases to defend its yield curve control target of 0.1% for three-year yields. Governor Philip Lowe said the bank could make further adjustments to purchases if market conditions required.

- Date: 2021-03-03 · published 2021-03-03T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/48362-rba-boosts-bond-buying-to-defend-yield-curve-target-central-banking
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Central bank bond buying to cap yields weighs on the Australian dollar and shapes financing costs, with only an indirect effect on feed commodity prices.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- centralbanking.com: https://www.centralbanking.com/central-banks/monetary-policy/monetary-policy-decisions/7804071/rba-boosts-bond-buying-to-defend-yield-curve-target

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.