Under the bond purchase program, the Bank has acquired almost $ billion of AGS and $ billion of semis. These were purchased in the ‘secondary market’ between November 2020 and February 2022, when the Board decided to cease purchases.
By then, the Bank's share of AGS outstanding had risen to around 35 per cent, which was above the equivalent share for the US Fed, but still below other central banks like the Reserve Bank of New Zealand and the Bank of Canada.