Lowe also notes that "with conditions more......>

RBA: Lowe also notes that "with conditions more settled at the moment, our plan

for the immediate future is to schedule any bond auctions we conduct for three

days each week - Mondays, Wednesdays and Thursdays. That does not mean that we

will necessarily purchase bonds on each of these days. Whether or not we do so

will depend upon the yield on 3-year government bonds and on market functioning.

It is likely, though, that for the foreseeable future we will be purchasing

semi-government securities weekly. As is the case now, we will announce our

intentions at 11.15 am. If conditions warrant it, we will return to daily bond

purchases."