Australian homebuyers and banks face risky period as inflation and interest rates accelerate
by Australian Associated Press from on (#5ZTFW)
Apra warns coming years will be far from plain sailing' as it flags concern over banking sector's response to climate change risk
Australia is in for a period of banking sector turbulence as households deal with rising inflation and mortgage payments, the industry regulator says.
The next few years will be far from plain sailing," the Australian Prudential Regulation Authority chair, Wayne Byres, told a conference on Tuesday.
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