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MNI BRIEF: RBA Warns Of Housing Risk From Higher Rates

MNI (Sydney)
SYDNEY (MNI)

The review noted highly-indebted Australian households would face risks from rising interest rates.

The Reserve Bank of Australia has identified risks that higher interest rates and rising inflation pose to highly indebted Australian households in its latest Financial Stability Review published on Friday.

The FSR notes that household debt relative to income is high in Australia compared with other countries, and while most households are well placed to meet higher debt payments there was also a risk of reduced of consumer spending, see: MNI INSIGHT: Market Rates Pricing Races Ahead But RBA Cautious.

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The Reserve Bank of Australia has identified risks that higher interest rates and rising inflation pose to highly indebted Australian households in its latest Financial Stability Review published on Friday.

The FSR notes that household debt relative to income is high in Australia compared with other countries, and while most households are well placed to meet higher debt payments there was also a risk of reduced of consumer spending, see: MNI INSIGHT: Market Rates Pricing Races Ahead But RBA Cautious.

Keep reading...Show less