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RBA warning on what could cause spiralling debt – Yahoo Finance Australia

Looser lending laws could trigger mounting debt, the Reserve Bank has warned.

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The Reserve Bank has flagged the thing that could trigger rising debt levels in Australia. (Source: Getty)
Looser lending standards could lead to overexuberance in Australias property market and trigger debt to rise, the Reserve Bank of Australia has warned on Friday.
Property prices, which have grown at breakneck speed in recent months, havent yet led to any major increase in debt but this could become a risk in the future, the RBA said in its half-yearly Financial Stability Review
released this…

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