Brett Le Mesurier, a banking analyst at BBY Ltd., talks about Australia's banking industry and the impact of the recent rate decision by the Reserve Bank of Australia on mortgage lending.
The RBA, which cut interest rates by the most in three years yesterday, is poised to reduce benchmark borrowing costs to an all-time low this year, credit markets show. Le Mesurier speaks from Sydney with Rishaad Salamat on Bloomberg Television's "On the Move Asia." (Source: Bloomberg)
Running time 05:10