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RBA governor Philip Lowe warns of impact on households of bank scandals

RBA governor Philip Lowe warns of impact on households of bank scandals

Reserve Bank of Australia governor Philip Lowe has warned households may find it harder to get home loans and borrowing costs could be higher as a result of the bad behaviour of banks being exposed in the Hayne royal commission.

by Shared by Australian Financial Review | 2 May, 2018

Australian housing stuck between a rock and a hard place

Warning also that interest rates may rise regardless of any official hikes by the Reserve Bank because of the potentially lasting impact of a rise in US money market rates, Dr Lowe cautioned that local banking scandals might impact the mortgage market.

Read the full article on the Australian Financial Review.