Australian inflation targeting: APRA and RBA at cross purposes
The Australian central bank might be less at cross purposes with the prudential authority if it simply lowered its inflation target modestly in line with other central banks.
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The Australian central bank might be less at cross purposes with the prudential authority if it simply lowered its inflation target modestly in line with other central banks.
First home buyers and investors have both been pegged as the biggest losers of APRA’s recent lending announcement – here’s what could play out in the coming months.
The prudential regulator has announced its intention to take some heat out of the housing market by raising the serviceability buffer by 50 basis points to 3 per cent.
Regulator Apra tells lenders to ensure new mortgagees can cope with three percentage point rise in interest rates
Australian shares are down 0.5pc; JPMorgan downgrades CBA to underweight; RBNZ hikes cash rate 25bps to 0.5pc; Pilbara Minerals beats quarterly shipping guidance; Magellan FUM tumbles. Follow the latest here.