Data Extraction

(i) April 2020, The RBA has announced yield targeting on 3-year government bonds at 0.25% through purchases of government bonds in the secondary market. On 5 May 2020, RBA has purchased AUD50 billion of Australia Government securities (AGS) and semis in the secondary market. 5 May, 2 June, 7 July, 1 September, and 6 October 2020, the RBA announced that it will maintain the current policy setting. 3 November 2020, RBA announced that it will reduce the 3-year yield target rate from 0.25% to 0.10%. On 2 February 2021, the RBA announced that it will maintain the current policy setting at 0.10%; (ii) 3 November 2020, The RBA announced that it intends to purchase AUD100 billion of government bonds issued by the Australian Government as well as by the states and territories when the current bond purchase program is completed in mid April 2021.

BoC purchases of T-bills were in the primary market as they were auctioned; As of 17 February 2021, current T-bill holdings have increased by CAD21.533 billion since the end of February 2020, with the maximum increase occurring on 29 July 2020 at CAD115.008 billion. [update]

(i) Government of Canada Bond Purchase Program (GBPP): Purchases will begin with a minimum of CAD5 billion per week across the yield curve. The program will be adjusted as conditions warrant but will continue until the economic recovery is well underway; on 28 October 2020, BoC announced purchases would gradually decline to CAD4 billion per week; As of 17 February 2021, the increase in government bonds owned by BoC has risen to CAD252.77 billion since the purchases in response to COVID-19 began, which is also the peak figure; (ii) 3 June 2020, Bank of Canada began purchasing Government of Canada Real Return Bonds; as of 17 February 2021, the purchased amount is CAD4.251 billion, which is also the peak figure (pre-COVID BoC did not hold government real return bonds). [update]

No amount/estimate: The BOJ will purchase a necessary amount of JGBs without setting an upper limit so that 10-year JGB yields will remain at around 0%.

May 2020, The RBNZ has doubled the overdraft on the crown settlement account to NZD10 billion for April–June 2020 to meet the government's short-term cash needs.

April 2020, The RBNZ has been implementing LSAP to purchase government bonds in the secondary market up to NZD30 billion across a range of maturities. 13 May 2020, The Monetary Policy Committee has agreed to significantly expand the LSAP programme to NZD60 billion. 12 August 2020, LSAP programme was expanded to NZD100 billion. 23 September 2020, RBNZ announced that the expanded LSAP program will continue until further notice (See amount in Measure 10 notes: No breakdown).