The corporate regulator for all banks has told all banks to hold more of what the industry calls Tier 1 capital - they're funds in the event of an economic downturn.
Bank Rates
Treasurer Scott Morrison concedes Australia faces economic challenges if the cash rate is cut again. (AAP) Source: AAP
Reserve Bank Governor has lobbed a parting shot at the federal government, warning that lower interest rates aren't enough to meet the challenges facing the Australian economy.
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