The Reserve Bank of Australia published a balance sheet of AUD 346.879 billion at the close of business on Oct. 14, down AUD 2.916 billion over the week. Gold and foreign exchange assets fell AUD 1.873 billion, mainly reflecting valuation changes, while Australian dollar investments declined AUD 1.458 billion, mainly because of securities transactions. On the liabilities side, other liabilities decreased AUD 1.735 billion and Exchange Settlement balances fell AUD 785 million, partly offset by a AUD 127 million increase in Australian notes on issue.
Reserve Bank of Australia reports AUD 2.916 billion weekly balance sheet contraction
The Reserve Bank of Australia’s balance sheet contracted by AUD 2.916 billion to AUD 346.879 billion at Oct. 14. The decline primarily reflected lower gold and foreign exchange assets and Australian dollar investments.