Aug 28, 2007 - Australia's money market remains "under pressure" and the central bank will intervene if needed to stabilize the cost of credit, Reserve Bank Deputy Governor Ric Battellino said.
Australia's central bank added A$3.87 billion ($3.2 billion) to the financial system on Aug. 17. It has injected more than A$3 billion only three times this year, all since Aug. 10.
Tuesday, August 28, 2007
Battellino Says Pressure in Australian Money Market
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