Rate rise effect milder than anticipated; home loan approvals up in February

Summary: Value of loan commitments up 1.5% in February, slightly less than expected; 13.3% higher than February 2023; ANZ: sales volumes up since January, suggests lending should continue growing; ACGB yields up noticeably; rate-cut expectations soften; update suggests dent from November rate rise was milder than initial estimates had indicated; value of owner-occupier loan approvals up 1.6%; investor approvals up 1.2%; number of owner-occupier home loan approvals up 0.9%. The...

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