Housing market still a risk to financial stability – RBA assistant governor
Michele Bullock addresses concerns over recent tightening in lending standards
Vulnerabilities coming from the recent downturn in Australian credit and housing markets continue to present risks for financial stability, Reserve Bank of Australia assistant governor Michele Bullock said in a speech on March 20.
The level of household debt and a slowdown in housing and credit markets have become “a little more heightened” since the central bank reviewed the issues six months ago, Bullock said. However, she added that at this stage the impacts are not large enough to result
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