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RBA warns banks over lending standards as wage growth struggles

Advertisement Reserve Bank governor Phil Lowe has sounded a warning to the nation’s lenders to maintain borrowing standards given soaring house prices while dampening expectations of strong wages growth in the wake of the coronavirus pandemic. Dr Lowe, speaking to the Australian Farm Institute Conference in Toowoomba on Thursday, said the economy including the farm sector was enjoying a “V-shaped” recovery from the pandemic recession. RBA governor Philip Lowe has warned banks to maintain lending standards while dampening expectations of a surge in wages. Credit:Dominic Lorrimer But he cautioned the recovery was being underpinned by unprecedented levels of fiscal and monetary policy support, including official interest rates which were at a record low of 0.1 per cent.

APRA releases life insurance supplementary statistical tables and institution-level statistics

Date Time APRA releases life insurance supplementary statistical tables and institution-level statistics The Australian Prudential Regulation Authority (APRA) has released the annual life insurance supplementary statistical tables and biannual life insurance institution-level statistics for December 2020. Copies of the supplementary statistical tables and the institution-level statistics can be found on the APRA website. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why? Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don t put up a paywall – we believe in free access to information of public interest.

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