Australian regulator to remove restrictions on interest-only lending.
Global Banking News-December 19, 2018--Australian regulator to remove restrictions on interest-only lending
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Global Banking News - 19 December 2018
The Australian Prudential Regulation Authority (APRA) has announced plans to remove restrictions on interest-only residential lending from January 1.
The regulator is making the move to try and stabilise Australia's ailing housing market. It had implemented the restrictions in March 2017 to limit new interest-only lending to 30 percent of home loans that banks issue.
In April...
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