Get notifications in real-time for staying up to date with content that matters to you.
Small business lending has slumped to an annualised growth rate of eight per cent, according to the RBA’s latest quarterly Statement on Monetary Policy.
The result is down from 17 per cent six months ago.
Variable interest rates on large business loans had increased by 15 basis points by the end of April, the report revealed.
Small business loans also rose by 24 basis points – causing pain for commercial borrowers that have been hit by the double whammy of tighter lending standards and a reduction in consumer demand.
Published: 12-08-08
Major bank overhauls assessment process
A big four bank has bolstered its assessment team and will priori...
Industry reacts to cash rate decision
The Reserve Bank of Australia has announced its decision to leave...
Ignorance of extended asset write-off a boon for brokers
More than a third of SMEs are unaware of the extended instant ass...
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Receive breaking news direct to your inbox each day
