2023: Australians at risk of mortgage stress at record high
Sydney Morning Herald
A record number of Australians are suffering from mortgage stress as the Reserve Bank's series of interest rate rises continues to..
A central bank, reserve bank, national bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base. Many central banks also have supervisory or regulatory powers to ensure the stability of commercial banks in their jurisdiction, to prevent bank runs, and in some cases also to enforce policies on financial consumer protection and against bank fraud, money laundering, or terrorism financing.
A record number of Australians are suffering from mortgage stress as the Reserve Bank's series of interest rate rises continues to..