Summary: Private sector credit grows by 0.5% in October, slightly below +0.6% expected; annual growth rate rises from 5.3% to 5.7%; annual credit growth at strongest pace since August 2016; growth “likely to remain elevated” given latest business capex plans; owner-occupier loans account for half net growth, business loans another third; investor loans up modestly again, personal loans flat. The pace of lending to the non-bank private sector by financial...