Falling offshore borrowing has helped shield Australia – RBA official
RBA’s monetary policy has not followed Fed’s normalisation
Lower offshore borrowing by Australian banks has helped reduce the influence of international factors on national financial conditions, a senior official at the country’s central bank said.
In a speech in Sydney today (December 10), Christopher Kent, assistant governor of financial markets at the Reserve Bank of Australia, also stressed the RBA’s independent monetary policy to achieve that goal.
“Australian banks have long borrowed in wholesale markets, including those offshore. However, they
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