Improved market conditions were behind a substantial slowdown in the purchase of government bonds by the Reserve Bank in June, deputy governor Fundi Tshazibana told Business Day on Tuesday.
The Bank bought R5.1bn worth of government securities in June — about half what it bought the previous month — through the bond buying programme launched in March to smooth the functioning of the local market after a sell-off and dislocations in the wake of the Covid-19 outbreak and and ahead of the loss of SA's last remaining investment-grade credit rating.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MARKET WRAP: JSE all share reaches best level since FebruaryRand range bound at about R17/$ as financial market sentiment 'weighs global recovery'
Source: BDliveSA - 🏆 12. / 63 Read more »
Steinhoff share jumps after assuring market about settlementsThe legal claims include a R59bn lawsuit by former chair Christo Wiese
Source: BDliveSA - 🏆 12. / 63 Read more »
Steinhoff share jumps after assuring market about settlementsThe legal claims include a R59bn lawsuit by former chair Christo Wiese
Source: BDliveSA - 🏆 12. / 63 Read more »
Rand slumps as market waits for news to aid directionThe local currency had firmed to an intraday best of R16.87/$, following some emerging market strength towards the end of last week
Source: BDliveSA - 🏆 12. / 63 Read more »
Rand slumps as market waits for news to aid directionThe local currency had firmed to an intraday best of R16.87/$, following some emerging market strength towards the end of last week
Source: BDliveSA - 🏆 12. / 63 Read more »
Market data — July 6 2020Market data including bonds, unit trusts and fuel prices
Source: BDliveSA - 🏆 12. / 63 Read more »