Australia - banking regulator warns household debt too high, debt binge dangerous - ConsultFX

Australia - banking regulator warns household debt too high, debt binge dangerous

Australian Prudential Regulation Authority (APRA) chairman Wayne Byres speaking at a business conference in Sydney. More: APRA has noted only a "slight moderation" in loans that represent six times borrowers income, borrowers need to commit half their after tax earnings to repayments. Copyright 2015 Forexlive.com