Loans to Private Sector, Australia

5 March 2023

The private sector took advantage of low interest rates during the pandemic to significantly increase it’s debt exposure.
The latest figures released by the Reserve Bank of Australia show that the value of loans have increased to 1.2 Trillion AUD as at December 2022.
With nine consecutive increases in the RBA’s cash rate, will the private sector come under pressure to de-leverage?
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