Business
RBA warns banks to maintain lending standards as wages growth struggles – Sydney Morning Herald
RBA governor Phil Lowe also said the bank would only move on interest rates once it could see wages increasing.
Reserve Bank governor Phil Lowe has sounded a warning to the nations lenders to maintain borrowing standards given soaring house prices while dampening expectations of strong wages growth in the wake of the coronavirus pandemic.
Dr Lowe, speaking to the…
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