Housing pushes private sector credit higher

01 September 2015

 

Loans to the private sector grew at a slightly higher rate in July. Loans to business were the main drivers of the higher-than-expected figures, rising 0.7% for the month (previously 0.1% in June) and 4.8% over the year and they offset the figures for personal loans which were flat for the month (previously 0.3% in June) and only 0.9% over the year. Housing loans continued to grow steadily, coming in...

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