RBA buys $320 million in RMBS

The unusual move reportedly provided “much-needed liquidity to a bank or non-bank lender that had packaged a series of home loans for on-selling”.

According to the daily the terms of the purchase are for less than a year, with the funds provided on the basis that the securities are repurchased by the original institution.

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Written by Staff Reporter

Last Updated: 09 March 2022

Published: 21 April 2008