APRA maintains 3% mortgage buffer rate in Australia amid economic uncertainties.

Australia's financial regulator, APRA, has decided to keep the 3% buffer rate for mortgage lending, aimed at ensuring financial stability despite high household debt and economic uncertainties. The buffer, used to test borrowers' ability to repay loans, remains unchanged due to concerns over the labor market and global risks. APRA's decision also keeps the countercyclical capital buffer at 1%, with no new lending limits or capital distribution restrictions.

2 months ago
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