“Soft start” to 2021 credit growth, some “encouraging signs”

26 February 2021

 

Summary: Private sector credit maintains modest growth rate in January; under expected figure; “slowest annual pace since 2010”; housing credit growth continues but business loans contract; some “encouraging signs”.   The pace of lending to the non-bank private sector by financial institutions in Australia has been trending down since late-2015. Private sector credit growth appeared to have stabilised in the September quarter of 2018 but the annual growth rate then...

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