Get notifications in real-time for staying up to date with content that matters to you.
Australia is well placed to weather the global downturn and contain inflationary pressures according to the International Monetary Fund (IMF).
In it’s country report on Australia, released yesterday the IMF said GDP would slow over the next two years, easing domestic capacity constraints and returning CPI inflation back within the RBA’s target band.
The RBA should, however, be prepared to act quickly to tighten monetary policy, should demand not slow as expected, the report said.
According to the report, the IMF considered the Australian banking system “sound” however warned that “some vulnerabilities remain”.
The IMF noted that while the banking sector remains profitable and well capitalised, the authorities were encouraged to "monitor carefully the sector's vulnerability to rollover risks arising from short-term wholesale funding and to the risks associated with the large indebtedness of the household sector".
Published: 24-09-08
Who do you aggregate through?
Thank you for your vote, you can see the results here.
ANZ extends business loan terms
The major bank has announced that it will extend the maximum loan...
Credit growth stunted by dive in business lending
Credit growth has waned as a result of a sharp drop-off in busine...
Court rules against bank for ‘unfair’ loan terms
The Federal Court has declared a number of loan contracts entered...
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Receive breaking news direct to your inbox each day
