RBA on the Wires
Written April 14, 2009 at 7:32 PM EST by Alex Chernomordin
The RBA Head of Financial Stability Ellis had the following comments early in Asian trading.
- Australia has more of a buffer in the event of further decline in housing price.
- He sees few Australians facing negative equity in home loans.
- Banks have withstood the global shock.
- Credit is available for “good” borrowers.
- Confidence in the financial system remains fragile.
Categories: Forex News | Tags: AUD
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