Published: May 20, 2019
RBA minutes say a reduction in the cash rate ‘would likely be appropriate’ if labour market does not improve
Australia’s struggling housing market has been given a shot in the arm after regulators indicated that banks could relax their mortgage lending requirements and the Reserve Bank hinted that a cut in interest rates was looking more likely.
Shares in banks rose sharply after the Australian Prudential Regulation Authority proposed on Tuesday that banks should change the way they assess customers’ ability to meet their mortgage repayments in a move that would let people borrow more.
Continue reading...from The Guardian http://bit.ly/2Qg7y1y
via
0 Comments