RBA on the Wires
TheĀ RBA Head of Financial Stability Ellis had the following comments early in Asian trading.
- Australia has more of a buffer in the event of further decline in housing price.
- He sees few Australians facing negative equity in home loans.
- Banks have withstood theĀ global shock.
- Credit is available for “good” borrowers.
- Confidence in the financial system remains fragile.




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