Loan growth strong but investor segment slips

30 November 2015

 

Loans to the private sector again grew at a robust rate in October, in line with September’s growth rate. Figures released by the RBA showed loans made to businesses and loans made for housing were the drivers of the higher-than-expected figures, with total credit rising 0.7% for the month compared to the 0.7% revised figure for September. Total credit grew by 6.7% in the year to October, slightly higher than...

read full story