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The RBA bought $320 million worth of mortgage-backed securities on Friday, according to The Sydney Morning Herald.
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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Published: 21-04-08
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