Australian business has taken only $26bn of $150bn in cheap credit from Reserve Bank

  • 📰 The Guardian
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 53%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Bank’s assistant governor says reason for low take-up is borrowers have had access to ample sources of credit

Australian businesses have taken up just $26bn of $150bn in cheap credit offered by the Reserve Bank, in a sign lending could and should play a bigger role in stimulating the economy.on behalf of business borrowers because of access to even cheaper private credit, and predicted take-up will improve before the 30 September deadline.to its separate loan guarantee after just $1.5bn of loans were issued in the program, which has capacity to guarantee up to $40bn in loans.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 84. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines