19 June 2020
Banking activity during the coronavirus pandemic.
Between 14 May and 19 June the ABA published data on total deferrals member banks made to customers.
These figures represented the sum total of deferrals made at the time of each data publication, and does not account for deferrals which had been reversed at the customer request.
ABA’s data reporting has currently paused. APRA statistics now available.
Infosheet: banking during lockdown Feb-Apr 2020
“Australia has witnessed a phenomenal shift in customer banking and payment preferences in recent years,” ABA CEO Anna Bligh said.
The RBA continues to address the nation’s inflation challenge with today’s 0.25% increase in the cash rate target, to 4.10%.
Australian banks today launched a new digital platform that will facilitate the quick reporting of fraudulent payments en route or transferred to another bank.