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Big Four banks surge on lending law backflip; ASX up 1.6% – The Sydney Morning Herald

The banks are powering an ASX200 rise on Friday after government flagged it would ease lending restrictions. US stocks finished a volatile session in front.

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Notwithstanding this strength coming into the crisis, our economy has been hit hard, Mr Frydenberg said.
The underlying cash balance was a deficit of $85.3 billion, or 4.3 per cent of GDP, compared to the forecast surplus of $5 billion, or 0.3 per cent of GDP at…

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