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RBA Glossary definition for MC

MC – Markets Committee (of the BIS)

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How Risky is Australian Household Debt?

25 Aug 2020 RDP 2020-05
Jonathan Kearns, Mike Major and David Norman
C. j. R. j. where Y is household disposable income, DS is minimum debt-servicing costs (if any), MC is minimum consumption, R is rental payments and j indexes households. ... Minimum consumption (MC) is based on the Household Expenditure Measure (HEM),
https://www.rba.gov.au/publications/rdp/2020/2020-05/full.html

Stress Testing Household Debt

25 Aug 2020 RDP 2020-05
Jonathan Kearns, Mike Major and David Norman
C. j. R. j. where Y is household disposable income, DS is minimum debt-servicing costs (if any), MC is minimum consumption, R is rental payments and j indexes households. ... Minimum consumption (MC) is based on the Household Expenditure Measure (HEM),
https://www.rba.gov.au/publications/rdp/2020/2020-05/stress-testing-household-debt.html