No need to stimulate home lending competition: RBA
| Source: | Lateline Business |
|---|---|
| Published: | Thursday, August 14, 2008 9:59 AEST |
| Expires: | Wednesday, November 12, 2008 9:59 AEST |
The Deputy Governor of the Reserve Bank says it would be wrong for the Federal Government to try to artificially stimulate competition in the home lending market. Ric Batellino represented the bank at a parliamentary inquiry prompted by the impact of the global credit crunch on non-bank lenders.
