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Hapless RBA “at a loss” to explain Australia’s little financial crisis

September 19, 2018 - 12:55 -- Admin

Excellent stuff from Damien Boey at Credit Suisse today: Has Assistant Governor Kent discovered religion? No. RBA Assistant Governor Kent has just delivered a speech on money creation. The primary purpose of his speech is to dispel the myth that the growing gap between bank loan growth and deposit growth explains or predicts the rise

The post Hapless RBA “at a loss” to explain Australia’s little financial crisis appeared first on MacroBusiness.

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