vimarsana.com

Page 8 - நிதி கட்டுப்பாட்டாளர்கள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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.

© 2025 Vimarsana

vimarsana © 2020. All Rights Reserved.