RBA on the Wires

Written April 14, 2009 at 7:32 PM EST by  

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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