In the Australian Financial Review: Australia ‘unlikely’ to follow NZ’s lead on mortgage curbs
Its ungated.
- A regulatory crackdown on risky bank property lending – already under way for “the past couple of years” – may be applied to more than just investors but it is “unlikely” to involve New Zealand-style loan-to-valuation caps, Reserve Bank of Australia assistant governor Malcolm Edey has said.
Dr Edey said while banks in Australia were “resilient” and mortgage lending had “historically been relatively safe,” the Australian Prudential Regulation Authority has noted a “trend to riskier lending practices”.
Bit of a rundown on RBA comments in front of a parliamentary committee this morning:
RBA – opening remarks before the Senate Economics References Committee
More comments from the RBA – but Australian dollar still unchanged
Malcolm Edey not talking into the mic.
