High interest rates leave some borrowers at risk of default, says RBA | The Business | ABC News

New analysis from the Reserve Bank predicts the share of borrowers with negative spare cash flow - that is, those whose mortgage repayments and essential living expenses are projected to exceed their income - will reach around 15 per cent by the end of 2023.
But the RBA Financial Stability Review found Australian banks will be able to comfortably survive any losses.
The central bank said banking failures overseas were raising concerns globally, and rising interest rates are continuing to put pressure on many households and businesses.
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