RBA speech: Relatively low financial stress for Australian households
On 20 February, Reserve Bank of Australia (RBA) Assistant Governor Michele Bullock addressed the Responsible Lending and Borrowing Summit in Sydney with a speech centred on household debt and the risks to the financial stability of the economy.
The speech acknowledged that while pockets of financial stress do exist, the overall level of stress among Australian mortgaged households remains relatively low.
The strong and well capitalised banking system supported by prudent lending standards will continue to play an important role in ensuring that the financial system remains stable and households borrow responsibly.
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