Australian central bank: Mortgage-Backed Securities in circulation since the credit crisis has decreased 20%

Bank of Australia Assistant Governor Debelle said that since 2007 occurred in the medium-term credit crisis since the Australian residential mortgage securities in circulation decreased by 20%. Comprehensive news on July 28 reported that Bank of Australia (Reserve Bank of Australia) assistant governor Guy Debelle 28, said, the residential mortgage securities (residential mortgage-backed securities, RMBS) in circulation from 1 year to come to the credit crisis has occurred Dropped 20%. Debelle in a bond market gave a speech at the meeting pointed out that "despite the risk of re-pricing of the bond market in Australia so that all areas are affected, but the asset securitization market suffered the greatest impact." Debelle said, "Since mid-2007 took place since the credit crisis, Australia RMBS circulation is very low." Debelle said that since July 2007, the average Australian RMBS quarterly sales of 2.0 billion Australian dollars, a year earlier RMBS average quarterly sales of 180 billion Australian dollars. Debelle speech did not mention the Australian central bank monetary policy. According to the bank in the Western Pacific (Westpac Banking Corp) data, as of June 30 6 months, Australia mortgage bond sales in the second half of 2007 from 48.7 billion Australian dollars to 19 billion Australian dollars, a record low. Australia RMBS issued in the first half of 2008 than the same period in 2007 dropped by nearly 96%.