Lending to small business crucial to economic growth: Ombudsman

By Loren Webb · 3 October 2019 · Featured

Lending to small business crucial to economic growth: Ombudsman

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Summary

The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell, agrees with RBA Governor Philip Lowe's view that small business needs support from our financial institutions. "In cutting the official cash rate to an all-time-low of 0.75%, RBA Governor Philip Lowe made several pertinent observations about the credit squeeze affecting the Australian small business sector […]