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Edge 3 Safari (Ensure cookies are turned "on" to load the video above) | Transcript of the video "Risks and Outlook for the Financial System (November 2023)" The financial stability outlook continues to be shaped by the adjustment of the global economy to higher interest rates. Global inflation has proven persistent, and policy interest rates remain restrictive. Higher long-term interest rates and tighter financial conditions leave financial markets vulnerable to disorderly corrections. The global economy is subject to the risk of further inflationary shocks, while uncertainty remains about the ultimate magnitude of the effects of tighter monetary policy on the global real economy. Despite this global backdrop, the domestic economy has continued to expand, albeit at a slower rate. Downside risks are more immediately visible now relative to the last Review, for example through continued falling commercial real estate (CRE) prices and early evidence of a slowdown in export flows and corporation tax receipts following years of exceptional growth. The resilience of the household and corporate sectors continues to benefit from the strength of the labour market and low indebtedness, although there are emerging tentative signs of repayment difficulties for some vulnerable borrowers. Increased bank profitability has continued since the last Review, strengthening banks’ capacity to invest for the future and bolstering resilience to shocks. The Central Bank’s macroprudential policy stance aims to maintain resilience at a time when broad, systemic risks have not crystallised. Reflective of this position, the Central Bank is maintaining the CCyB at 1.5 per cent, and continues to deepen the macroprudential framework for non-bank financial intermediation. Publications
1–10 of1,264 search results for financial stability review Search ResultsBulletin September Quarter 202315 Feb 2024 Bulletin - September 2023 PDF 8611KB https://www.rba.gov.au/publications/bulletin/2023/sep/pdf/bulletin-2023-09.pdf Outlook6 Feb 2024 SMP - February 2024 PDF 620KB https://www.rba.gov.au/publications/smp/2024/feb/pdf/03-outlook.pdf Statement on Monetary Policy6 Feb 2024 SMP - February 2024 PDF 4547KB https://www.rba.gov.au/publications/smp/2024/feb/pdf/statement-on-monetary-policy-2024-02.pdf In Depth – Full Employment6 Feb 2024 SMP - February 2024 PDF 336KB https://www.rba.gov.au/publications/smp/2024/feb/pdf/04-in-depth-full-employment.pdf Bulletin29 Jan 2024 Bulletin - January 2024 PDF 5775KB https://www.rba.gov.au/publications/bulletin/2024/jan/pdf/bulletin-2024-01.pdf Pagination
Is India financially stable?But thanks to strong macroeconomic data, sound bank balance sheets, moderate inflation, and a growing external sector, the Indian economy is comparatively stable. The RBI's portrayal of the Indian banking industry is comforting. What is financial stability review?The Financial Stability Review provides the Bank's assessment of the current condition of the financial system and potential risks to financial stability. It is issued half-yearly. What is the ECB financial stability review?The Financial Stability Review provides an overview of potential risks to financial stability in the euro area. It aims to promote awareness in the financial industry and among the public of euro area financial stability issues. It is published twice a year, with the next release provisionally set for 16 May 2024. Is Australia financially stable?Australia is a strong and stable economy with a positive outlook for growth. We've been growing for the past 30 years at an impressive average rate of 3.1%, above the 2.1% average for advanced economies (International Monetary Fund, 2023, World Economic Outlook, April 2023 database). |
