Central Bank Aussie Hunger Adds to RBA Dilemma: Australia Credit
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Global monetary authorities’ enduring interest in the Aussie dollar is hindering efforts by Australia’s central bank to curb the currency’s strength.
Westpac Banking Corp., the country’s second-biggest bond underwriter, said the number of central banks it interacts with has tripled to about 60 over the past three years. Central banks bought more than a quarter of the 2033 Australian Commonwealth government bonds offered in a record sale last week, the country’s funding arm said Nov. 20.