-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Chart Packs -
About Us
To read the full story
Close
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.
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessTrending Top 5
Market News Topics
November 30, 2017 01:37 GMT
REPEAT: Australia RBA Pvt Sector Credit Growth Up on Biz Loans
Repeats Story Initially Transmitted at 01:37 GMT Nov 30/20:37 EST Nov 29
SYDNEY (MNI) - Private-sector credit data for October published by the
Reserve Bank of Australia on Tuesday:
October September October September
-------------------------------------------------------------------------------
% Change m/m % Change m/m % Change y/y % Change y/y
Total Credit +0.4 +0.3 +5.3 +5.4
Housing +0.5 +0.5 +6.5 +6.6
-Owner-occupier Housing +0.5 +0.5 +6.3 +6.3
-Investor Housing +0.4 +0.4 +6.9 +7.1
Business +0.3 +0.1 +4.0 +4.3
Other Personal 0.0 0.0 -0.9 -0.9
FACTORS: Total private-sector credit growth accelerated slightly in October
on a month-over-month basis, due mainly to faster business loan growth. But in
y/y terms it slowed slightly to +5.3% from +5.4% in each of the prior four
months. Housing credit growth slowed slightly in y/y terms but this masked a
significant slowing in investor mortgage growth, which fell below 7.0% for the
first time since February. Personal credit growth remained a drag, staying flat
m/m in October, with y/y growth in decline for the 22nd month in a row.
TAKEAWAY: The data shows private sector credit growth continues to slow
from the 6%-plus y/y pace posted in 2016. The continued slowing in investor
housing credit growth is a welcome development but given the overall slowing in
housing market activity, financial regulators may be worried about pushing down
too hard on investor lending. Overall, the data should comfort the Reserve Bank
slightly because of slowing in housing debt but their concern will not be
eliminated because housing debt growth continues to be faster that the slow
growth in household income.
--MNI Sydney Bureau; tel: +61 2-9716-5467; email: sophia.rodrigues@marketnews.com
[TOPICS: MTABLE]
To read the full story
Close
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.
Sign up now for free trial access to this content.
Please enter your details below.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok