Wednesday, September 17, 2008

Reserve Bank injects $3b into markets

The Reserve Bank of Australia (RBA) pumped $3.015 billion into the banking system today to ease liquidity contraints in the money market.

The system cash position was a deficit of $2.212 billion, resulting in a net cash injection of $803 million for the day.

The injection was conducted through repurchase agreements with banks during the RBA's open market operations.




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