Business
RBA warns against ‘over-exuberance’ as house prices rise – Sydney Morning Herald
The RBA has warned banks against cutting lending standards, saying the measure could leave households vulnerable to future shocks.
The Reserve Bank has warned banks against cutting lending standards as prices of assets, including houses, are pushed higher by cheap debt, saying the measure could leave households and businesses more vulnerable to future shocks.
Despite the warning, however, the central bank said lending standards of Australian banks remain prudent and the looming rise in bad debts and insolvencies will be much more modest than feared last year.
The Reserve Bank is keeping a watchful eye on the surging property…
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