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AAP
AAP
Business
Poppy Johnston

BIZARRE: Rba bond buying spree review revealed | Mind Blowing Facts

The central bank says its massive bond-buying scheme helped keep the economy afloat during the COVID-19 pandemic but it may prevent the bank from paying the government a dividend over the next few years.

The Reserve Bank of Australia has released a review into the pandemic-era measure that was designed to provide "extra insurance against the ongoing risk of very bad economic outcomes".

The program, which saw the RBA buy $281 billion worth of federal and state government bonds, was deemed a success by the internal review.

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