Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Australian central bank cancels bond operation as banks report outages

Published 06/17/2021, 02:08 AM
Updated 06/17/2021, 02:10 AM
© Reuters. FILE PHOTO: Pedestrians walk past the Reserve Bank of Australia building in central Sydney, Australia, February 10, 2017. REUTERS/Steven Saphore

SYDNEY (Reuters) - The Reserve Bank of Australia (RBA) is cancelling Thursday's operation to buy long-dated government bonds because of technical difficulties, it said, as reports circulated of internet outages at several commercial banks and major firms.

The websites of some of the biggest banks, such as the Commonwealth Bank of Australia (OTC:CMWAY), Westpac Banking (NYSE:WBK) Corp and Australia and New Zealand Banking Group were down, leaving customers unable to log in to their accounts.

The reason for the outage was not immediately clear.

"We're aware some of you are experiencing difficulties accessing our services and we're urgently investigating," Commonwealth Bank, Australia's largest, said on Twitter.

Representatives of Australian banks did not immediately respond to separate requests for comment.

While customers of many banks reported problems accessing their accounts on Thursday, according to outage monitoring website Downdetector, airlines, telecoms firms and the postal service also suffered technical issues.

The bond purchase cancelled by the central bank is usually one of three times each week.

"Due to technical difficulties, today's RBA long-dated open market operations auction has been cancelled," the bank said on its dealing page.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.