RBA’s Debelle made no comments on monetary policy, US elections

The Reserve Bank of Australia (RBA) assistant governor Debelle was on the wires last minutes, speaking on the global code of conduct for the foreign exchange market in a scheduled panel discussion at the Financial Services Institute of Australasia's (FINSIA) The Regulators, in Melbourne.

Debelle did not comments on the US elections, nor on the central bank’s monetary policy.

Key Quotes:

“We are on track to complete the Code so that it will be released in London in May 2017. At the end of that process, for the Code to be effective and for it to achieve what we want it to achieve, it will need to be accepted and endorsed across the full spectrum of market participants.”

“The work to date has reflected a very constructive and cooperative effort between the central banks and market participants. “

“All of us recognise the need to restore the public's faith in the foreign exchange market and the value of the Global Code in assisting that process and also in helping improve market functioning and confidence in the market.”