The Reserve Bank of Australia (RBA) Deputy Governor Debelle is on the wires now, via Reuters, making a scheduled speech titled “A Balance of Payments” at the Economic Society of Australia Luncheon, in Canberra.
Key Headlines:
THREATS TO FREE TRADE SYSTEM POSE “SIGNIFICANT RISK”
27-Aug-2019 08:20:00 – RBA’S DEBELLE: AUSTRALIA’S CURRENT ACCOUNT DEFICIT NARROWEST AS SHARE OF GDP IN MANY DECADES
27-Aug-2019 08:20:00 – RBA’S DEBELLE: MIX OF AUSTRALIA’S FOREIGN LIABILITIES ARE NOT A VULNERABILITY
27-Aug-2019 08:20:00 – RBA’S DEBELLE: VAST BULK OF AUSTRALIA’S FOREIGN DEBT LIABILITIES IN AUSTRALIAN DOLLARS
27-Aug-2019 08:20:00 – RBA’S DEBELLE: LARGE SHARE OF AUSTRALIA’S FOREIGN ASSETS DENOMINATED IN FOREIGN CURRENCY
27-Aug-2019 08:20:00 – RBA’S DEBELLE: THIS MEANS AUSTRALIA HAS A NET FOREIGN CURRENCY ASSET POSITION
27-Aug-2019 08:20:00 – RBA’S DEBELLE: THUS WHEN A$ FALLS THE VALUE OF NET FOREIGN LIABILITIES ACTUALLY DECLINES
27-Aug-2019 08:20:00 – RBA’S DEBELLE: ALLOWS A$ TO PLAY IMPORTANT ROLE OF SHOCK ABSORBER TO EXTERNAL SHOCKS
27-Aug-2019 08:20:00 – RBA’S DEBELLE: AUSTRALIAN EQUITY INVESTMENT ABROAD EXCEEDS FOREIGN EQUITY INVESTMENT IN AUSTRALIA BY 7% OF GDP
27-Aug-2019 08:20:00 – RBA’S DEBELLE: COMPARED TO AVERAGE NET EQUITY LIABILITY POSITION OF 10% OF GDP BETWEEN 1990 AND 2010
27-Aug-2019 08:20:00 – RBA’S DEBELLE: SHIFT REFLECTS INVESTMENT IN FOREIGN EQUITY BY AUSTRALIAN SUPERANNUATION INDUSTRY
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