The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the Australian financial services industry.
Will keep macroprudential policy settings on hold following latest
quarterly assessment of domestic and international economic
conditionsQuality of new
housing lending remains sound, arrears rates on mortgage and business
lending portfolios continue to rise slowlyMortgage
serviceability buffer will be kept at 3 percentage points and lending
limits have not been appliedCountercyclical 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.
