Private sector credit in Australia rises 0.6% in August

Market news

30 September 2015

Private sector credit in Australia rises 0.6% in August

The Reserve Bank of Australia (RBA) released its private sector credit data on Wednesday. The total value of private sector credit in Australia rose 0.6% in August, exceeding expectations for a 0.5% gain, after a 0.6% increase in July.

Housing credit increased 0.6% in August, personal credit was up 0.1%, while business credit rose 0.5%.

On a yearly basis, the private sector credit in Australia jumped 6.3% in August, after a 6.1% in July.

Gold price declines on the better-than-expected ADP Employment Report from the U.S.

European Central Bank (ECB) Governing Council member Ardo Hansson: it is too early to discuss the expansion of the asset-buying programme

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