Australia – Private sector credit: +0.6% m/m (expected +0.5%)

Private Sector Credit for October: +0.6% m/m

• expected is +0.5%, prior was +0.5%

Private Sector Credit y/y for October; +5.7%

• expected is +5.5%, prior was +5.4%

Housing credit +0.6% m/m

Investor housing credit +9.9% y/y, which is the highest since May of 2008. Further underscoring the imminence of macroprudential tools to impact on this sector so as to reduce the potential for financial instability should the housing market face a downturn

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