Austrian central banker acknowledges general trend toward gold repatriation

Section:

Austria Plan to Repatriate Gold Not Linked to Brexit Talk: Nowotny

By Michael Shields
Reuters
Thursday, May 28, 2015

http://www.reuters.com/article/2015/05/28/us-austria-gold-nowotny-idUSKB...

VIENNA, Austria -- A decision by the Austrian central bank to repatriate some gold from London by 2020 is "absolutely not" related to the possibility that Britain will leave the European Union, Governor Ewald Nowotny told a news conference on Thursday.

He said it instead reflected a trend among central banks, including Germany's Bundesbank, to hold more reserves at home.



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