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The Reserve Bank of Australia is alert to the...>

RBA: The Reserve Bank of Australia is alert to the possibility that tightening
in lending standards could affect the housing market and the economy but thinks
it is unlikely to lead to a widespread credit crunch, Assistant Governor
Michelle Bullock said Monday. Bullock also said that the RBA continues to
monitor closely the risk of vulnerabilities from high household debt but doesn't
think widespread financial stress among households is imminent. Overall, her
comments are consistent with RBA's guidance that the next move in the cash rate
is more likely to be up, than down.
- For full story see MNI Main Wire at 04:18 BST 09/10, or contact us for full
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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