RBA: budget pressures affecting households Australia-wide, severe financial stress limited ...Middle East

Reserve Bank of Australia Head of Financial Stability Department, Andrea Brischetto: Budget pressures are being felt very broadly across householdsBut incidences of severe financial stress are currently limited to much smaller groupMost borrowers appear well placed to service their debt and cover essential costsMuch less than 1% of home loans are estimated to currently be in negative equityBroader financial stability risks from the household sector appear containedFinancial stress not a barrier to higher rates if the Bank chooses that path seems to be the subtext here. This article was written by Eamonn Sheridan at www.forexlive.com.

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