In a speech on housing, Reserve Bank of Australia (RBA) assistant governor Michelle Bullock said regulators were closely watching bank lending standards and household debt as credit growth outpaced growth in incomes
SYDNEY: Australia’s booming housing market is leading to a build up of consumer debt that could become a risk to financial stability, a top central banker cautioned yesterday, while also noting the strength was positive for the economy overall.
In a speech on housing, Reserve Bank of Australia (RBA) assistant governor Michelle Bullock said regulators were closely watching bank lending standards and household debt as credit growth outpaced growth in incomes.
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