Reserve Bank of Australia says the risks to financial stability have increased globally

The RBA Financial Stability Review has been published (link is to the full text).

Highlight Headlines via Reuters:

• Financial stability risks have increased globally
• Markets stressed by synchronised policy tightening, geopolitical tension, higher us dollar US Dollar The US dollar, (symbol $, code USD) is the fiat currency of the United States of America (USD) and the most widely traded currency globally. It was introduced into the US in the late 18th Century, with paper notes not being distributed until the following century. The US dollar, also informally known as the greenback, is the world’s most foremost reserve currency, due in large part to the importance of the US economy on the world stage. Once backed by gold (in the 1900’s), the USD is now a purel The US dollar, (symbol $, code USD) is the fiat currency of the United States of America (USD) and the most widely traded currency globally. It was introduced into the US in the late 18th Century, with paper notes not being distributed until the following century. The US dollar, also informally known as the greenback, is the world’s most foremost reserve currency, due in large part to the importance of the US economy on the world stage. Once backed by gold (in the 1900’s), the USD is now a purel Read this Term, rising energy prices
• Stability risks would be magnified by further substantial tightening in global financial conditions
• Australian banks liquid, well capitalised and resilient to any loan arrears
• Important that bank lending standards remain prudent
• Australian households and banks generally have strong financial positions
• Some households already feeling strain from higher rates, likely to last for some time
• Lags mean rate rises yet to pass through completely to mortgage payments
• Small group of borrowers particularly vulnerable to repayment difficulties
• Most mortgage holders have substantial equity in their homes, could weather very large price falls
• Many businesses face rising cost pressures, higher rates, slowing revenue growth
• Indicators of financial stress likely to increase in period ahead
• Cyber-attacks, climate change are major challenges to financial systems

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AUD AUD The Australian dollar (AUD) is the official currency of Australia, which is also used in Christmas Island, Cocos (Keeling) Islands, Norfolk Island, as well as independent pacific states.Introduced in 1966, the AUD is currently the fifth most traded currency in the world, behind only the US dollar, euro, Japanese yen, and British pound.The currency is very important to forex markets and is routinely used as a carry trade against other majors.The Reserve Bank of Australia (RBA) is the central bank The Australian dollar (AUD) is the official currency of Australia, which is also used in Christmas Island, Cocos (Keeling) Islands, Norfolk Island, as well as independent pacific states.Introduced in 1966, the AUD is currently the fifth most traded currency in the world, behind only the US dollar, euro, Japanese yen, and British pound.The currency is very important to forex markets and is routinely used as a carry trade against other majors.The Reserve Bank of Australia (RBA) is the central bank Read this Term is barely changed, circa 0.6416

Needs a bicycle stability review by the look of this pic?