Reserve Bank of Australia says the risks to financial stability have increased globally


The RBA Financial Stability Review has been published (link is to the full text).

Highlight Headlines via Reuters:

  • Financial stability risks have increased globally
  • Markets stressed by synchronised policy tightening, geopolitical tension, higher us dollar , rising energy prices
  • Stability risks would be magnified by further substantial tightening in global financial conditions
  • Australian banks liquid, well capitalised and resilient to any loan arrears
  • Important that bank lending standards remain prudent
  • Australian households and banks generally have strong financial positions
  • Some households already feeling strain from higher rates, likely to last for some time
  • Lags mean rate rises yet to pass through completely to mortgage payments
  • Small group of borrowers particularly vulnerable to repayment difficulties
  • Most mortgage holders have substantial equity in their homes, could weather very large price falls
  • Many businesses face rising cost pressures, higher rates, slowing revenue growth
  • Indicators of financial stress likely to increase in period ahead
  • Cyber-attacks, climate change are major challenges to financial systems

AUD is barely changed, circa 0.6416

Needs a bicycle stability review by the look of this pic?



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