Summary: Private sector credit up 0.8% in April, above expectations; annual growth rate up from 8.0% to 8.6%; business loans account for about 50% of net growth. The pace of lending to the non-bank private sector by financial institutions in Australia followed a steady-but-gradual downtrend from late-2015 through to early 2020 before hitting what appears to be a nadir in March 2021. That downtrend ended later in the same year...