Business lending goes into reverse

28 February 2018

 

The pace of lending to the non-bank private sector by financial institutions in Australia fell again for a fifth consecutive month in January. Lending has slowed to such a degree APRA chief Wayne Byres said the 10% cap on lending to real estate investors was probably “redundant”. According to the latest RBA figures, private sector credit grew by 0.3% in January, the same as the 0.3% growth rate recorded in...

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