The Reserve Bank's being urged to switch from a focus on home lending to business lending
The Reserve Bank's being urged to switch from a focus on home lending to business lending
11 November 2020
It will be making its Monetary Policy Statement today, and is forecast to leave the Official Cash Rate at 0.25 percent.
Westpac chief economist Dominick Stephens says through the Funding for Lending Programme, the central bank will probably give banks incentives to lend more to businesses, rather than homeowners.
However, he says there's not a lot of demand out there for business loans at the moment.
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