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While the world bank fears a global ‘recession’ is imminent, Australia's federal treasurer remains somewhat “optimistic”.
There’s no discernible trend in loan defaults and arrears now, but it is coming, APRA has highlighted.
A small group of borrowers could fail to meet debt payments due to low savings and high levels of debt, the RBA has flagged.
Addressing barriers to investment in housing will be the subject of the first meeting of the Treasurer’s new investor roundtable next month, it has been confirmed.
The latest cyber security breaches have demonstrated the importance of constantly evolving technology, an open banking data recipient said.