RBA's Kearns: House price gains are not a concern right now, to be expected

Dhwani Mehta FXStreet

House price gains are not a concern right now but could be a worry going forward, Reserve Bank of Australia (RBA) Head of Financial Stability Jonathan Kearns said while speaking as part of a panel at a Moody's event on Thursday.

Additional comments

“Watching borrowers ability to repay, some households & firms will have struggles repaying debt.”

“Buffers are in place.”

“Important no deterioration in lending quality.”

“Watching the RBNZ’s experience with macro-prudential rules on housing.”

AUD/USD off the highs

AUD/USD eased from session highs of 0.7792 on the above comments, now trading at 0.7777, still up 0.05% on the day.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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