Home lending slows; expected to improve on rate cuts

28 June 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 latest figures showed no sign of a change.  According to the latest RBA figures, private sector credit grew by 0.2% in May, the same as...

read full story