Late mortgage payments tick up as CBA defends economy’s resilience

🇦🇺 The Sydney Morning Herald (AU) —
Late mortgage payments tick up as CBA defends economy’s resilience

AI Summary

Late mortgage payments have increased as households contend with inflation and higher interest rates. The Commonwealth Bank of Australia defended its view that the economy remains resilient despite the rise in borrowers struggling to meet repayments.

The bank attributed the higher rate of people struggling to inflation and rising interest rates.

Markets mortgages late payments inflation interest rates Australian economy Commonwealth Bank

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