Reserve Bank of Australia Confident as Mortgage Cliff Looms
SYDNEY—The Reserve Bank of Australia is confident that the upcoming spike in mortgage payments will not cause further financial stress.
“Most fixed-rate borrowers appear to be well-positioned to raise rates higher as their fixed-rate term expires,” the RBA’s latest financial stability report card was published. announced Thursday said.
Economists…
https://www.wsj.com/articles/reserve-bank-of-australia-confident-as-mortgage-cliff-looms-64e69a25 Reserve Bank of Australia Confident as Mortgage Cliff Looms
