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Don't let standards slip, RBA tells banks

From thewest.com.au

Reserve Bank governor Philip Lowe has warned lenders he doesn't want to see standards slip at a time of rising house prices. As expected, the central bank left its key interest rates, including the cash rate, at a record low 0.1 per cent at Tuesday's monthly board meeting. In his post-meeting statement, Dr Lowe noted housing markets have strengthened further, with prices rising in most jurisdictions, while housing credit growth to owner-occupiers has picked up, with strong demand from first home buyers. "Given the environment of rising housing prices and low interest rates, the bank will be monitoring trends in ... (full story)

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  • Category: Fundamental Analysis