Central Banking

Australia RBA undertakes 2nd round of dealing

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AUSTRALIA - The Reserve Bank of Australia said Friday 28 September it will undertake a second round of dealing in the money market in order to improve liquidity."For liquidity management purposes the Reserve bank will undertake a second round of dealing," a statement said.The central bank estimated a shortage of A$1.65 billion in the money market and offered to buy government bonds and repurchase agreements.Banks requiring liquidity were asked to approach the Reserve Bank by 0535 GMT.The

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