Posted 10/6/2023, 1:22:13 AM
RBA warns of growing risks as rate hikes bite into household budgets
- RBA sees risks mounting in global markets and China property sector
- Higher interest rates pushing more Australian households into financial stress
- Most households can still cope with further rate hikes
- Global tightening threatens disorderly asset price declines and growth slump
- China property woes dragging on economy and Australian exports
- Banks well capitalised though some exposed to commercial property losses
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