RBA warns the banks ‘don’t be stingy’ (2GB Money News)

The Reserve Bank of Australia has warned banks to loosen up their lending practices when approving home loan applications. Firstmac CFO James Austin tells Ross Greenwood bank staff need to be more consistent when granting credit.  

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08 Jun 2016

RBA puts official interest rate on hold

For the second consecutive month, the Reserve Bank of Australia has announced that the official cash rate would be left unchanged at a historical low of 1.75 per cent. The mortgage industry has welcomed the announcement, with many experts claiming that it is the ‘right move’ as it would provide scope for further cuts in the short term.- Your Mortgage- view article here