Reserve Bank of Australia Guy Debelle, speaking before the Australian Parliament's House of Representatives Standing Committee on Economics
Debelle says the Bank is spending a fair bit of its time assessing Evergrande. He expects Chinese authorities might well allow a limited default to occur, their 'tolerance' for a default is higher than in previous years as long as the consequences are limited.
Says Chinese authorities are well informed of the EV situation and it'll resolve how they want it to resolve.
China Evergrande main unit Hengda Real Estate will make coupon payments for onshore bonds due tomorrow
