Australia at risk from major global financial shock, Reserve Bank warns
- Reserve Bank: 3 events in the last 90 days
- Previous: 1 days earlier · RBA interest rates: Reserve Bank hikes cash rate to 4.6%, the highest level since 2011
What happened
Warning comes as central bank estimates fewer than one in 100 borrowers owe more on their home than its worth The Reserve Bank says households are well placed to weather the twin storm of rising interest rates and plunging property prices, but warned that Australia would not be immune from sudden collapse of the global AI investment boom. The central bank’s latest financial stability review – a biannual assessment o…
Summary assembled by rule from the sources below
Sources
News
- Australia at risk from major global financial shock, Reserve Bank warnsThe Guardian World