UPDATE 1-Australian bank regulator to remove limit on interest-only mortgages

(Adds market context, quote from APRA letter) SYDNEY, Dec 19 (Reuters) – Australia’s banking regulator said on Wednesday it was removing a limit on the amount of interest-only residential property loans that institutions could issue as the curbs had achieved their objective of slowing higher-risk lending practices. The Australian […]

Tags: No tags

Comments are closed.