RBA Kohler says lending to small business is little changed since the onset of the pandemic

Author: Eamonn Sheridan | Category: Central Banks

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

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