Reserve Bank of Australia (RBA) Assistant Governor Debelle is on the wires now, via Reuters, making a scheduled speech, with the key comments found below.
- mortgage arrears rate at 1%, low by historical, international standards
- mortgage arrears rates have been increasing in recent years, highest for around a decade
- says unlikely that national arrears rate will increase substantially from here
- says tighter lending standards placed downward pressure on arrears
Share
