Australia Private Sector Credit for April.
0.0% m/m
- expected 0.6% m/m, prior 1.1%
3.6% y/y
- expected 4.0% y/y, prior 3.6%
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Background:
- In March this jumped as firms sought to boost liquidity and this is likely to have continued in April. For households, interest payment/loan deferrals will contribute to a rise in credit stock.