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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