RBA’s Kent: Australian banks are unquestionably strong – by anilpanchal7 RBA AUDUSD RiskAversion NewsTrading Banks
“Capital, liquidity positions well above APRA’s regulatory requirements,” said Christopher Kent, Reserve Bank of Australia’s Assistant Governor .
The bank will continue to closely monitor the transmission of monetary policy and its impact on household spending, the labour market and inflation.Volatility in Australian financial markets has picked up but markets are still functioning and, most importantly, Australian banks are unquestionably strong - the banks' capital and liquidity positions are well above regulatory requirements.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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