The Reserve Bank has recharged the responsible lending debate and added some pressure on banks by suggesting lending has been too restrictive for small business despite record low interest rates and government incentives.
As bank chief executives met with Treasurer Josh Frydenberg in Canberra on Wednesday RBA assistant governor Christopher Kent said he had a concern about access to finance and interpretation of responsible lending.
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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com
