In groundbreaking accord, Australian central bank to buy China bonds

04/24/2013 | Wall Street Journal, The

Australia's central bank said it may invest as much as 5% of its foreign currency assets in Chinese government bonds, having concluded a groundbreaking deal for such transactions. The People's Bank of China "has approved an initial investment quota, and we are currently working through the necessary agreements prior to the investment being made," said Reserve Bank of Australia Deputy Governor Philip Lowe.

View Full Article in:

Wall Street Journal, The

Published in Brief: