SYDNEY, Oct 6 - Australia's economy is well placed to weather strains in global financial markets, though the risks of a"disorderly" slide in asset prices or a slowdown in China were elevated, its central bank said on Friday.
That strain is one reason the RBA has put rate hikes on hold for the past four months, though it continues to caution that further tightening might be needed if inflation does not subside as hoped. "A small, but rising share of borrowers are on the cusp, or in the early stages, of financial stress," the review stated.
A vicious sell off in U.S. government bonds recently has seen yields rise sharply across the globe and put pressure on equity markets in the process.
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