ANZ Predicts Delay in Rate Cuts, Warning of Mortgage Stress in Australia
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#aac29bac ver:0.29

ANZ predicts delay in rate cuts until 2025 due to strong household consumption and job market, warns of mortgage stress in Australia. Mortgage arrears are climbing, but most borrowers are still meeting repayments. ASIC data shows hardship notices rose 54% in Q4 2024. IMF study shows Australia's sensitivity to monetary policy. Lower inflation and interest rates than expected, but real income per Australian is sliding. RBA has time as inflation shows progress. Economic forecasters expect RBA to start cutting rates by March 2023. Panel expects inflation to be back within target band by June 2023. Home prices expected to continue climbing. #Australia #interestrates #mortgagestress #inflation...

#newstr #Anz #InterestRates #MortgageStress #Rba #Inflation #HousingMarket #EconomicForecast 

 https://here.news/story/aac29bac?ver=0.29