The Australian Prudential Regulation Authority (APRA) is the prudential regulator for the Australian financial services industry.
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The macroprudential policy settings will be maintained as they are following the latest quarterly assessment of domestic and international economic conditions.
- The quality of new housing loans remains good, and delinquency rates on both real estate and commercial loan portfolios continue to rise slowly.
- The mortgage serviceability buffer will be maintained at 3 percentage points and lending limits will not apply.
- The countercyclical capital buffer will remain at 1.0% of risk-weighted assets.
The authority’s comments come on the heels of its latest quarterly assessment of local and international economic conditions.
This article was written by Eamonn Sheridan on www.forexlive.com.
