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RBA says households and businesses can weather economic slowdown

Original: RBA Financial Stability Review states households and businesses are well placed to weather slower economy and falling house prices

The Reserve Bank of Australia's Financial Stability Review says Australian households and businesses are well placed to weather a slower economy and falling house prices. The assessment suggests the central bank sees the financial system remaining resilient despite rising interest rates and cooling property values, offering reassurance to borrowers and markets concerned about the impact of tighter monetary policy.

Why now: Falling house prices and slower growth are topical concerns, and the RBA's reassurance speaks directly to worries about household finances.

Reserve Bank of AustraliaAustralia

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• RBA Financial Stability Review states households and businesses are well placed to weather slower economy and falling house prices · Newsquawk

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