Central bank holdings of Australian dollars may be levelling off, says RBA's Debelle
Most sovereign asset managers now have some A$ holdings, RBA deputy says
An increase in foreign holdings of Australian sovereign debt – in particular by central banks and other sovereign asset managers – may be near its peak, according to Reserve Bank of Australia deputy governor Guy Debelle.
In a speech delivered today to the Financial Services Institute of Australia, Debelle said gross foreign investment in Australia has fallen from around 17% of GDP in 2006 to around 6% of GDP today, with most of that fall accounted for by a decline in flows to the Australian
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