Secondly, we are not yet out of the woods and are still in the process of soul-searching; pursuing a better understanding of our economic environment and the appropriate monetary policy responses. In this presentation, I will give a perspective that may be different from other panelists: longer-run, more qualitative than quantitative.
Foreign ownership of Australian Government bonds increased from around 40 per cent in the early 2000s, peaking at nearly 80 per cent in 2012 (Graph 4). [3] At the same time, the size of the Australian Government bond market grew significantly.