ANZ cite runaway credit growth in Australia:

  • Australia's monthly credit growth is annualising at 10%
  • and looks likely to accelerate further

And that this is:

  • a concern for regulators

And thus:

  • We continue to expect macroprudential tightening measures to be introduced.

ANZ's graph is eye-watering indeed:

ANZ cite runaway credit growth in Australia:

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Macroprudential measures in Australia would likely be introduced through APRA, the prudential regulator ... this from the Reserve Bank of Australia:

Responsibility for the regulation and supervision of the Australian financial system is vested in four separate agencies:

  • the Australian Prudential Regulation Authority (APRA);
  • the Australian Securities and Investments Commission (ASIC);
  • the Reserve Bank of Australia (RBA); and
  • the Australian Treasury.

These four bodies comprise the Council of Financial Regulators (CFR).