'Responsible lending' threatens to choke off supply of funds

Updated July 2 2021 - 3:15am, first published February 11 2020 - 9:50am
TIGHT: Stricter rules are making the borrowing market much harder to negotiate.
TIGHT: Stricter rules are making the borrowing market much harder to negotiate.

RIGHT now Australians are focused on the aftermath of the bushfires and the threat of the coronavirus. Bad as these are, their economic effects are likely to be relatively short-term. Rebuilding after the fires will stimulate sections of the economy, even as it has stifled others. Medical advances have been able to prevent potential pandemics like SARS, MERS, EBOLA and ZIKA - we are highly likely to also contain the coronavirus.

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