There's debate over the potential loosening of bank rules.
Reserve Bank requirements —forcing banks to have enough capital to withstand a one-in-200-year shock— look set to be loosened.
Banks say that could reduce the cost of borrowing.
But Simplicity Chief Economist Shamubeel Eaqub told Andrew Dickens it won't address the underlying reasons why banks aren't lending more money.
He says mortgage rates are currently 2% over the cost of borrowing, and banks aren't lending enough to businesses and farms.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
Las Culturistas with Matt Rogers and Bowen Yang
Ding dong! Join your culture consultants, Matt Rogers and Bowen Yang, on an unforgettable journey into the beating heart of CULTURE. Alongside sizzling special guests, they GET INTO the hottest pop-culture moments of the day and the formative cultural experiences that turned them into Culturistas. Produced by the Big Money Players Network and iHeartRadio.