Weakness in bank lending becoming “more broadly based”

29 March 2019

 

The pace of lending to the non-bank private sector by financial institutions in Australia has been trending down since October 2015. It appeared to have stabilised in the September quarter of 2018 but credit figures in the December quarter put paid to that idea. The first two months of 2019 have provided more of the same and growth rates have further deteriorated.  According to the latest RBA figures, private sector...

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