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【CNBC】Australian borrowers in good shape to weather higher interest rates, ANZ’s Shayne Elliott says

【CNBC】Australian borrowers in good shape to weather higher interest rates, ANZ’s Shayne Elliott says

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  • Many Australian borrowers are ahead on their mortgage repayments, and this should cushion them from a hard landing as interest rates rise, according to ANZ CEO Shayne Elliott.
  • Mortgage rate increases for many Australian borrowers were edging closer to their “serviceability buffer” as interest rates rise.
  • There were factors that mitigated debt serviceability concerns for instance, high levels of savings during the pandemic and a strong labor market with high income.

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