Reserve Bank’s household debt warning amid louder call for rate cuts

[Pelican Press 0]

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Reserve Bank’s household debt warning amid louder call for rate cuts

The share of *********** borrowers in severe financial stress ******** small with the vast majority still able to service their debts, the Reserve Bank has said in a half-yearly review, while highlighting other areas of threat to the banking system — including from China.

“The risk of widespread financial stress ******** limited due to generally strong financial positions of most borrowers,” the RBA said in its Financial Stability Review released on Thursday.

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