Business lending jumps; credit used “to ease cash flow pressures”

30 April 2020

 

The pace of lending to the non-bank private sector by financial institutions in Australia has been trending down since October 2015. Private sector credit growth appeared to have stabilised in the September quarter of 2018 but the annual growth rate then continued to deteriorate through 2019. While senior RBA officials would like business lending to increase, those same officials would also like households to reduce debt. In early 2020, RBA...

read full story