This from 'the Australian' (yes, that's a newspaper here in Oz) on the Reserve Bank of Australia minutes (released yesterday)
The piece says:
RBA "has enshrined rising household debt as a major area of concern"
- Fuelling expectations interest rates might rise sooner than expected if households keep borrowing at current rapid rates
- "The changes do elevate the focus on financial stability in a way that raises the risk of policy action at some point," said ANZ analyst David Plank, suggesting the central bank might lift rates sooner than expected.
- "If confidence around the achievement of the inflation and employment objectives lifts, then the issue of financial stability could be enough to push the bank into moving earlier"
The link is here for more, may be gated: RBA finger on interest rate rise trigger as debt soars
