Reserve Bank of Australia's Marion Kohler, Head of Domestic Markets, speechto the Australian Financial Markets Association,
On the headline, a lot of small business borrowings since the start of the crisis have been to cover cashflow deficits.
More headlines:
- policy measures to date broadly achieved what bank set out to do
- says home loan applications have risen in recent months
- rising level of housing loan applications consistent with large vol of refinancing activity of late
- says package of monetary policy measures has worked to lower the interest rates paid by borrowers on their loans
- says lending to small, medium businesses little changed since onset of pandemic
- banks more cautious about lending to businesses
