RBA's Kent (from the Q&A): Will be some time before RBA normalises rates

Earlier: RBA's Kent speaking on Australian housing debt, risks

Q&A now:

• RBA very attentive to debt when time comes to normalise rates
• Will be some time before RBA normalises rates

'Very attentive to debt when time comes to normalise rates' ... the RBA is concerned about high levels of household debt and are of the opinion that a rise in rates could have a big impact on household spending (households diverting spending to paying/reducing debt) which could weigh on economic activity.