Australia's Slow Credit Growth Won't Affect Economy

Australia's Slow Credit Growth Won't Affect Economy Play

March 28 (Bloomberg) -- Paul Bloxham, chief economist for HSBC Holdings Plc in Sydney and a former Reserve Bank of Australia official, talks about the outlook for Australia's banking industry and economy. Australia’s banks, battling the weakest mortgage demand in more than three decades, should avoid taking on more risk to stoke profits, the Reserve Bank of Australia said in its financial stability review released in Sydney today. Bloxham speaks with Rishaad Salamat on Bloomberg Television's "On the Move Asia." (Source: Bloomberg)

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