RBA's Ellis - high household debt is a risk in the event of an economic shock

Reserve Bank of Australia's Assistant Governor (Economic) Luci Ellis, while speaking at the Australian Business Economists (ABE) Lunchtime Briefing, said the high household debt in Australia is a risk in the event of an economic shock. 

Key quotes

Policy globally will have to stay expansionary should inflation remain low

Global wage growth and inflation will pick up, but may take some time

Hunt for yield less of a risk now rates are starting to rise globally

Geopolitical risk in Asia has increased, while lessening in the euro area

Expects global economic expansion to last for a while