Reserve Bank of Australia publish their corporate plan
- says high debt levels could complicate future policy decisions
- says high debt could make the economy less resilient to shocks
- structure of the Australian economy will continue to evolve
- economic shocks, by definition, are not forecastable - will occur
- movements in asset values and leverage may be more important for economic developments than in the past
- main risk to financial stability mainly in credit quality
There is nothing new nor surprising in these.
