RBA warns of rising financial stability risks, households under pressure – by fx_ross RBA
for financial stability over the coming years will hinge in large part on the ability of households and businesses to weather challenging economic conditions both in Australia and internationally," said the RBA.Markets are stressed by synchronised policy tightening, geopolitical tension, higher us dollar, and rising energy prices.Stability risks would be magnified by further substantial tightening in global financial conditions.Important that bank lending standards remain prudent.
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