Australia’s Debelle discusses effect of rate cuts

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Guy Debelle, an assistant governor of the Reserve Bank of Australia, on September 18 said the country's benchmark interest rate is being used to mitigate the change in funding costs for Australian authorised deposit-taking institutions (ADIs).

Speaking at the Financial Services Institute of Australia in Adelaide, Debelle highlighted how funding costs for ADIs have increased as a result of a "fundamental reassessment within financial markets of the risks associated with credit and liquidity

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