Lending growth picks up, not expected to last

30 April 2018

 

The pace of lending to the non-bank private sector by financial institutions in Australia has picked up after three months of sub-5% growth.  According to the latest RBA figures, private sector credit grew by 0.5% in March, up from the 0.4% growth rate recorded in February and more than the 0.4% consensus estimate. The year-to-March growth rate increased from 4.9% to 5.1% as lenders expanded loans to the business sector...

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