Business
ASX down 0.4%; materials and energy slide lower – The Sydney Morning Herald
The S&P/ASX 200 was down 0.4% after the first hour of trading. Materials and energy continue to drag, while utilities and information technology were higher.
The Reserve Bank of Australia expects small business failures to rise as pandemic measures are phased out and access to finance remains tight for the nations small to medium enterprise (SME) sector.
RBA assistant governor Christopher Kent this morning said the central bank will continue to pay close attention to small businesses access to finance, and their prospects more broadly, amid an uncertain economic outlook.
He said while a wide range of monetary, fiscal and private-sector measures have…
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