Credit growth picks up in May; further increases expected

30 June 2021

 

Summary: Private sector credit grows at 0.4% in May; above expected figure; annual growth rate rises from 1.4% to 1.9%; further increases expected on housing loan data, higher business confidence; housing credit growth continues, business loans up, personal loans up.   The pace of lending to the non-bank private sector by financial institutions in Australia has been trending down since late-2015. Private sector credit growth appeared to have stabilised in...

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