Bullock says government’s mortgage programme will not pose additional hazards to financial institutions
The head of Australia’s central bank has said a government policy that allows first-time homebuyers to obtain mortgages with 5% deposits does not pose additional risks to financial institutions.
Speaking at a hearing on October 10 in the senate (upper house of parliament), Reserve Bank of Australia governor Michelle Bullock admitted that loan-to-value (LTV) ratios more generally could be a source of risk for Australian financial markets. However, when asked if allowing borrowers to secure home
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