Reserve Bank of Australia – Monthly Bulletin (November)
The pattern of Australian capital flows returned to pre-crisis trends, according to the Reserve Bank of Australia's November bulletin. The monthly document, published on 19 November, said that following the reduction in cross-border portfolio and banking sector capital flows during the crisis, private-sector flows had recovered.
The bulletin also contained a speech by Glenn Stevens, the central bank's governor, on ‘The road to prosperity'. In his remarks, Stevens considered the better-than
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