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Financial News: Australia Private Sector Credit Rises 0.3% In December

Australia Private Sector Credit Rises 0.3% In December

01/28/2021 - 19:49:00 (RTTNews)

(RTTNews) - Private sector credit in Australia was up 0.3 percent on month in December, the Reserve Bank of Australia said on Friday - accelerating from the 0.1 percent gain in November.

On a yearly basis, credit climbed 1.8 percent - up from 1.7 percent a month earlier.

Housing credit added 0.4 percent on month and 3.5 percent on year, while personal credit fell 0.5 percent on month and 12.3 percent on year and business credit gained 0.2 percent on month and 1.0 percent on year.

Broad money was up 0.6 percent on month and 12.6 percent on year.

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