Hopes the Reserve Bank's Funding for Lending programme has a few hooks
Hopes the Reserve Bank's Funding for Lending programme has a few hooks
10 November 2020
The programme is expected to be unveiled tomorrow, when the Reserve Bank decides the Official Cash Rate.
Economist Cameron Bagrie says credit isn't getting to the productive part of the economy.
He says when the Funding for Lending Programme is announced, more funding needs to go into agriculture and business.
He says we don't want to keep churning up money that'll get allocated in the property market.
He says it will lead to more of a lopsided economy, and more social push back.
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