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%
rba credit

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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.