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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Fund Management/Administration

Australian Central Bank sees A$5.2 billion cash deficit today

Posted on 09 October 2008

From Bloomberg: The Reserve Bank of Australia estimated money markets will have a deficit of A$5.2 billion ($3.5 billion) today as it prepares to inject cash into the financial system.

Australian banks increased deposits held at the central bank by A$14 million to A$9.727 billion at exchange settlement accounts yesterday, after those holdings reached a record A$11.04 billion on Sept. 30, the RBA said today on its Web site….. Full Article: Source


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