Cashed up and employed: RBA says households can withstand higher rates - Sydney Morning Herald
7/18/2022 12:00:00 AM2 years 9 months ago
by Shane Wright, Rachel Clun
by Shane Wright, Rachel Clun
While most households will withstand higher rates, a report from global ratings agency S&P says more will fall behind on mortgage repayments.
The Reserve Bank believes highly indebted households will withstand a substantial increase in interest rates, but a report has found rising inflation will add financial pressure on lower-income house… [+1605 chars]
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