The Reserve Bank's latest Monetary Policy Statement is being seen as contradictory
The Reserve Bank's latest Monetary Policy Statement is being seen as contradictory
12 November 2020
It will introduce Funding for Lending Programme, aimed at reducing banks' costs and lowering interest rates from early December.
The central bank will also consult on reinstating loan to value ratio restrictions on high risk lending, from March next year.
One Roof property commentator Ashley Church says that would have made sense if the Reserve Bank had just come out with the Funding for Lending scheme.
The Official Cash Rate remains at 0.25 percent.
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