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

Housing credit increased 0.5% in February, personal credit declined 0.1%, while business credit rose 0.7%.

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