Reserve Bank of Australia’s Debelle on the Wires

Written March 31, 2009 at 12:39 AM EST by  

RBA’s Debelle: Disruptions in global markets undermine impact of policy stimulus at home; restoring financial confidence is necessary for global recovery

- Australia Market dislocation is smaller than elsewhere; Sees signs of improvement in domestic money markets and spreads
- Money market spreads are below crisis period average
- Sees less demand for term loans but will continue to offer them

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