The Reserve Bank of Australia (RBA) released its private sector credit data on Friday. The total value of private sector credit in Australia rose 0.4% in March, missing expectations for a 0.6% gain, after a 0.6% increase in February.

Housing credit increased 0.5% in March, personal credit declined 0.3%, while business credit rose 0.3%.

On a yearly basis, the private sector credit in Australia jumped 6.4% in March, after a 6.6% rise in February.