Australia's own subprime crisis brewing, page-172

Big four banks face mounting pressure to lift interest rates

Australia's largest banks may be forced to impose "out of cycle" mortgage rate hikes as global interest rates push higher..

..The banks blame this on their surging short-term borrowing costs, in particular the sharply rising 90-day bank bill swap rate (BBSW).

Read more here; http://www.abc.net.au/news/2018-06-...ssure-out-of-cycle-mortgage-rate-hike/9914990

As always, the market determines interest rates - not central bankers as most people blindly believe. And market interest rates have been rising across the board and around the world. If this trend continues then the record global debt bubble will deflate, including Australia's record mortgage debt bubble.