The Bank has stepped up activity in the secondary bond market to boost liquidity
The Reserve Bank bought more than R11bn in government debt securities in April as part of a bond-buying programme to boost liquidity in financial markets that are reeling from the effects of the Covid-19 pandemic.
The central bank, which announced its plan on the eve of the imposition of the 21-day lockdown, upped its holdings to just more than R20.6bn from R9.2bn in March, according to data released on Friday. The overall market is estimated to be more than R2-trillion.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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