Economic data
Australia at risk from major global financial shock, Reserve Bank warns
Warning comes as central bank estimates fewer than one in 100 borrowers owe more on their home than its worthFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe Reserve Bank says households are well placed to weather the twin storm of rising interest rates and plunging property prices, but warned that Australia would not be immune to a sudden collapse of the global AI investment boom.The central bank’s latest financial stability review – a biannual assessment of the financial system – said the “threats to global financial stabili