The Traderszone Network

Published in TZ Latest News 11 July, 2016 by The TZ Newswire Staff

RBA’s Ellis doesn’t expect much overall impact on Australian banks from sovereign downgrade

Reserve Bank of Australia’s head of financial stability Luci EllisĀ on the wires 12 July 2016
– downgrades for AAA rated countries tend not to have much impact as markets would have already priced in the risk
Last week’s sovereign ratings outlook downgrade to negative by S&P given the brush off by Ellis in the Q&A following her earlier