Decline in bank lending pauses

30 August 2018

 

The pace of lending to the non-bank private sector by financial institutions in Australia stabilised in July. However, it may be just a pause in its descent of the past three-years after reaching a post-GFC peak in October 2015. According to the latest RBA figures, private sector credit grew by 0.4% in July, up from the 0.3% growth rate in June and above the 0.3% consensus estimate. The year-to-July growth...

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