Bank of Australia Assistant Governor Sarah Hunter, who is responsible for economic forecasting, told a Senate committee on Thursday that the bank has not seen signs of systemic pressure caused by adjustments in the real estate market. “We are not seeing any signs of systemic financial pressure, nor are we seeing any risk of financial stability events,” Hunter said while testifying via video link. She added that the proportion of households with negative assets is “very low” by historical standards.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.