Free Trial

MNI ANALYSIS: Australia's housing.........>

AUSTRALIA
AUSTRALIA: MNI ANALYSIS: Australia's housing credit growth slowed in June to a
rate last seen in December 2012 as fall in housing prices and tightening in
lending standards continues to take its toll on credit growth. On the face
value, the data is comforting to the Reserve Bank of Australia because slowing
in housing credit amid slow income growth means the build-up of risk in
household balance sheets is being contained. But a fall in housing market
activity would also have implications for the economy because it might impact
household spending, and also the general activity in the economy.
- For full story see MNI Main Wire at  03:01 BST 07/31.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.