Key points from Australia's private sector credit for October
By Sophia Rodrigues
Published On 29 Nov 2019 , 12:00 AMKey points from Australia's private sector credit growth for October, published by the RBA Friday.
--Business credit growth fell 0.1% m/m, first decline since Jan 2017. In y/y terms, business credit rose 2.7%, lowest rate of growth since April 2014 when it posted similar rise.
--Total credit growth rose 0.1% m/m, taking the y/y growth to 2.5% -- the lowest since April 2010.
--Other personal credit fell 4.7% y/y, the lowest since September 2009.
--Housing credit rose 3.0% y/y, the lowest on record.
--Investment housing credit fell 0.2% y/y, the biggest drop on record. To put into context, the biggest gain on record for investor mortgage is 39.9%.
LATEST SNIPPETS
RBNZ lowers OCR 25bps to 3%
The Reserve Bank of New Zealand cut the Official Cash Rate by 25bps to 3.00%, taking the total cuts in the current ea...
Published on : 20 Aug 2025 , 12:13 PMRBA trims cash rate by 25bps to 3.6%
The Reserve Bank of Australia cut the cash rate by 25bps to 3.60%, in line with expectations.
The rate cut...
Published on : 12 Aug 2025 , 02:40 PMRBA keeps cash rate unchanged at 3.85%
The Reserve Bank of Australia left the cash rate unchanged at 3.85%, defying market expectations for a 25bps cut.&nbs...
Published on : 08 Jul 2025 , 02:53 PMRBA cuts cash rate to 3.85%
The Reserve Bank of Australia lowered the cash rate by 25bps to 3.85%, citing continued easing in inflation as reflec...
Published on : 20 May 2025 , 02:48 PMRBA lowers cash rate target to 4.10%
The Reserve Bank of Australia lowered the cash rate by 25bps to 4.10% -- the first rate cut move since November 2020....
Published on : 18 Feb 2025 , 02:41 PMRBA Cash Rate Unchanged but Key Message Removed
The Reserve Bank of Australia left the cash rate unchanged at 4.35% but pivoted to a dovish stance by omitting the ke...
Published on : 10 Dec 2024 , 02:40 PMRBA Cash Rate Remains at 4.35%, Still Vigilant to Upside Risks
The Reserve Bank of Australia maintained the cash rate at 4.35% and retained the key message that it remains vigilant...
Published on : 05 Nov 2024 , 02:44 PMRBA keeps cash rate unchanged at 4.35%
The Reserve Bank of Australia left the cash rate unchanged at 4.35% and reiterated the key message that it is not rul...
Published on : 24 Sep 2024 , 02:37 PMAustralia July monthly CPI up 3.5% y/y
Australia's monthly Consumer Price Index Indicator rose 3.5% y/y in July compared with a 3.8% rise in June, data...
Published on : 28 Aug 2024 , 11:40 AMRBA leaves cash rate unchanged at 4.35%
The Reserve Bank of Australia left the cash rate unchanged at 4.35% at the August board meeting and reiterated the me...
Published on : 06 Aug 2024 , 02:41 PM