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As credit tightens, Aussie banks binge on offshore bonds

December 14, 2018 - 00:10 -- Admin

By Leith van Onselen The Australian Bureau of Statistics (ABS) has released its National Financial Accounts for the September quarter, which revealed a 1.8% quarterly decline in Australian banks’ gross external liabilities (offshore borrowings), but a large 7.6% increase over the year. One Name Paper (-$24 billion) and Deposits (-$10 billion) drove the quarterly decline

The post As credit tightens, Aussie banks binge on offshore bonds appeared first on MacroBusiness.

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