Banks lending set for “further weakness”

29 June 2018

 

The pace of lending to the non-bank private sector by financial institutions in Australia has fallen back to its lowest rate since May 2014. According to the latest RBA figures, private sector credit grew by 0.2% in May, down from the 0.4% growth rate recorded in April and half the consensus estimate of 0.4%. The year-to-May growth rate fell back from 5.1% to 4.8% as personal loans and lending to...

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