Australia's major bank frets on financial stability amid mounting household debt

Australia's major bank frets on financial stability amid mounting household debt

Australia's major financial institution ramped up its rhetoric on financial stability risks amid soaring household debt and runaway property prices, a threat, which helped ratings agency Moody's to downgrade Australia’s key banks this week.

Worries over the effects of a steep correction in the housing market mean that Australian interest rates are likely to stay at an all-time minimum of 1.50% for a considerable time notwithstanding some global major banks become hawkish.

In August 2016, the Reserve Bank of Australia reduced its interest rate. Since it has been intact, thus juggling the risks of record household debt, weak consumer spending and tepid inflation.

At their June policy gathering RBA board members spent much time talking about the relationship between financial stability as well as monetary policy. Moreover, they even looked though the academic literature and also policy experience in some countries, including the United States and Sweden.


What to Trade on August 22–26?
What to Trade on August 22–26?

How Energy Crisis Affects German PMI August 23, 2022, 10:30 GMT+3­­ Germany will publish Flash Manufacturing PMI data on Tuesday, August 23, at 10:30 MT time (GMT+3)…

Latest news

FED and BOE Make Another Attempt to Beat Inflation
FED and BOE Make Another Attempt to Beat Inflation

The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera