Australia at risk from major global financial shock, Reserve Bank warns

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Guardian World

Australia at risk from major global financial shock, Reserve Bank warns

Warning comes as central bank estimates fewer than one in 100 borrowers owe more on their home than its worth Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast The Reserve Bank says households are well placed to weather the twin storm of rising interest rates and plunging property prices, but warned that Australia would not be immune to a sudden coll…