Local press in Australia report Reserve Bank of Australia Governor Lowe met with the 'big four' Australian banks
Lowe concerned on the tightening supply of credit
Local newspaper The Australian reports:
- Lowe cautioned against "overzealous tightening of credit supply in response to lending rules and the Hayne royal commission"
Australian citing unnamed sources within the 4 banks.
ps. The Royal Commission has been examining misbehaviour amongst the banks.
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(Big 4 are ANZ, CBA, NAB and Westpac)
