Lending growth subdued, home loans main driver

29 March 2018

 

The pace of lending to the non-bank private sector by financial institutions in Australia remained stuck at just under 5% for the third month in a row.  According to the latest RBA figures, private sector credit grew by 0.4% in February, up from the 0.3% growth rate recorded in January and more than the 0.3% consensus estimate. The year-to-February growth rate of 4.9% also remained unchanged from January’s figure of...

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