Australia December Home loans -2.3% m/m (vs. expected -1.0%)

Home loans -2.3% m/m ... biggest month on month fall since April last year

• expected -1.0%, prior was 1.6%, revised dwon from 2.1%

Investment lending -2.6% m/m

• prior was 1.0%, revised down from 1.5%

Owner-occupied loan value -1.0% m/m

• prior was 2.6%, also revised lower from 2.7%

The focus was not on the data but on the RBA Statement out at the same time.

This data is very soft though.