Treasurer tells banks to lend amid slowdown

Original article by James Eyers
The Australian Financial Review – Page: 6 : 23-May-19

Treasurer Josh Frydenberg has welcomed the Australian Prudential Regulation Authority’s move to ease mortgage lending restrictions. He says the move will ensure continued access to credit for both households and businesses, and he argues that banks have an "economic and social responsibility" to keep lending. Frydenberg also says the Coalition’s tax and infrastructure policies will be key drivers of economic growth and job creation. Frydenberg met with APRA chairman Wayne Byres and Reserve Bank governor Philip Lowe on 22 May.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, RESERVE BANK OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

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