The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the Australian financial services industry.
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Will keep macroprudential policy settings on hold following latest
quarterly assessment of domestic and international economic
conditions - Quality of new
housing lending remains sound, arrears rates on mortgage and business
lending portfolios continue to rise slowly - Mortgage
serviceability buffer will be kept at 3 percentage points and lending
limits have not been applied - Countercyclical capital buffer will remain at 1.0% of risk weighted assets
Comments from APRA follow their latest quarterly assessment of domestic and international economic conditions.
This article was written by Eamonn Sheridan at www.forexlive.com.
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