RBA Cautions Borrowers Against Excessive Debt When Interest Rates Drops

RBA Cautions Borrowers Against Excessive Debt When Interest Rates Drops

Even though Australia’s financial system has demonstrated resilience despite high inflation, the country’s central bank has issued a warning regarding the risks of excessive borrowing when interest rates decrease. In its semi-annual Financial Stability Review, the Reserve Bank of Australia (RBA) stated that it expected households pressures to ease when lending standards drop, but also … Read more