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1.Market Observations, 8.Was Sticky

10 Aug 2017 (AFR) – The RBA graph that explains the downturn in WA and Queensland

(10 August 2017, AFR, p7, by Jacob Greber)

‘Bond markets have played a key role in forcing Australia’s biggest mining companies to haul back on investment spending since 2012, pushing states like Queensland and Western Australian into significant economic downturns, suggests the Reserve Bank of Australia. In a speech surveying Australia’s bond market developments over recent years, Reserve Bank assistant governor Christopher Kent said signals from debt markets influenced the behaviour of mining firms.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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