Loan growth slows but investor loans rebound

31 May 2017

 

Loans to the private sector grew at a slightly lower rate in April, driven by a slowdown in lending to “owner-occupiers” and the business sector. Figures released by the RBA indicate total private credit growth in April was 0.4%, in line with expectations and at the same rate as in March. However, total credit growth for the last 12 months was 4.9%, down from the 5.0% growth rate recorded for...

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