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RBA says credit squeeze loosening

August 20, 2018
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Reserve Bank deputy says steps taken to ease upward pressure oninterest rates has helped stabilise conditions. (The Age — 28 August, 2007)
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GLOBAL markets have ‘not yet returned to normal’ and the ReserveBank was ready to add further liquidity if needed, its deputygovernor, Ric Battellino, has cautioned. (Sydney Morning Herald — 29 August, 2007)
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Reserve Bank says it is ready to step in to preserve money marketstability from global volatility. (The Age — 28 August, 2007)
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Australia’s largest bank says problems caused by failing mortgagesin the US will worsen and domestic banks may start raising theirlending rates unilaterally. (The Age — 29 August, 2007)
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Reports of more damage from the teetering US subprime mortgagesector hit global stock markets on Tuesday as central banks aroundthe world said their outlooks for monetary policy had been throwninto doubt. (Sydney Morning Herald — 29 August, 2007)
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