RBA holds rate, worried about household debt

07 March 2017

 

When the RBA’s Governor Phillip Lowe appeared before the Standing Committee on Economics in late February, he made it clear the RBA was concerned by house prices and the amount of household debt which is primarily in the form of mortgage debt. “With household debt as a share of household income already at a record high, is it really in the national interest to get a little bit more employment...

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