SMH.com.au·3 min read·medium
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Emily Kaine, Eleanor Campbell
✦AI Summary
Reserve Bank Governor Michele Bullock stated that even a 20% slump in property prices would not threaten financial stability. While ANZ economists warned of a potential 15% decline, the RBA maintains that banks are well-capitalized to handle such a downturn.
Asked about bank forecasts predicting that property prices will fall as much as 15 per cent, Bullock said the Reserve Bank had done modelling which showed there was no greater risk to financial stability.
economypolitics
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