Government brushes aside RBA’s debt blowout warning
The government said it is not concerned about the RBA’s warning that the financial system could be rocked if there’s a debt blowout, in fact it is “very pleased” that confidence levels are leading to a “strong housing market”.
Last week, the Reserve Bank of Australia (RBA) warned that optimistic borrowers could lead to a debt blowout, rocking the financial system.
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