The Reserve Bank of Australia (RBA) released its private sector credit data on Friday. The total value of private sector credit in Australia rose 0.5% in January, in line with expectations, after a 0.5% increase in December. December's figure was revised down from a 0.6% gain.

Housing credit increased 0.5% in January, personal credit declined 0.2%, while business credit rose 0.6%.

On a yearly basis, the private sector credit in Australia jumped 6.5% in January, after a 6.6% rise in December.