Markets

Australia’s recession may technically already be over as the economy begins to bounce back, the Reserve Bank says

Australia’s economy may have grown during the September quarter, RBA Deputy Governor Guy Debelle has told Senate Estimates. Speaking on Tuesday, Debelle said the central bank’s best guess at this point was of growth, marking a technical end to Australia’s recession. However, like the pandemic, Australia’s economic worries haven’t gone […]
Australia’s recession may technically already be over as the economy begins to bounce back, the Reserve Bank says
Markets

Australia’s housing market is unlikely to ‘collapse under its own weight’

RBA deputy governor Guy Debelle says regulatory curbs on investor lending have “meaningfully reduced” Australia’s household debt risk. He said the buildup of riskier investor loans make Australia’s economy more vulnerable to an external shock. However, the market is unlikely to ‘collapse under its own weight’. Debelle also addressed risks […]
Australia’s housing market is unlikely to ‘collapse under its own weight’