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Showing 1 - 10 of 28 results for "business credit"

Economic recap: Week to July 2

BENJAMIN ONG  |  MONDAY, 5 JUL 2021
... states. Total private sector credit growth accelerated to 1.9% in the year to May from 1.3% in the previous month. Business credit growth improved from an annual rate of minus 3.0% to minus 2.0% in May. Personal credit was also better in May (-6.4% from ...

Chief economist update: RBA extends QE

BENJAMIN ONG  |  WEDNESDAY, 3 FEB 2021
... what extent they will use their stronger balance sheets to support spending." Additionally, investor housing and business credit growth remain weak despite highly accommodative financial conditions and, the exchange rate has appreciated and is in the ...

Chief economist update: RBA increases and extends TFF

BENJAMIN ONG  |  WEDNESDAY, 2 SEP 2020
... initial allowance of 3% of outstanding credit closes. Additional allowances associated with an ADI's growth of business credit will now also be available until the end of June 2021." The increase in the TFF to around $200 billion would keep funding ...

Details of Mayfair's default revealed

ELIZABETH MCARTHUR  |  MONDAY, 1 JUN 2020
... for us in light of other restructuring we are undertaking at the moment, including evaluating putting two of our business credit investments into a listed shell we are in communication with." There are approximately 181 wholesale investors in the IPO ...

Mayfair 101 reveals new sub-division, hires chief

ELIZABETH MCARTHUR  |  TUESDAY, 5 MAY 2020
... off-shoots specialising in different investments: Mayfair Platinum, Mayfair Iconic Properties, M12 Global, Australian Business Credit, IPO Wealth, Okto Wealth and Alqami. Mayfair 101 has been restricted in its promotion of debenture products after action ...

Chief economist update: Lock us down Scotty!

BENJAMIN ONG  |  TUESDAY, 24 MAR 2020
... losses (statement). Reintroduced the Term Asset-Backed Securities Lending Facility (TALF) to support consumer and business credit markets, plans for two lending facilities to support corporate markets." These after a 150 basis point cut in interest rates ...

Chief economist update: No credit to the RBA

BENJAMIN ONG  |  MONDAY, 1 APR 2019
... slowest annual growth rate since January 2014. The details of the report show that among its components, only business credit advanced - up by 5.3% in the year to February from 5.2% a month earlier, while all the others continued their slowing trend. ...

O'Dwyer urges AFCA consultation

KARREN VERGARA  |  FRIDAY, 3 NOV 2017
... compensation cap for most non-superannuation disputes, and an unlimited amount for superannuation disputes. "For small business credit facility disputes, where a small business credit facility is of an amount up to $5 million, AFCA should have a compensation ...

Bad credit

BENJAMIN ONG  |  WEDNESDAY, 1 MAR 2017
... offset. Year-on-year, total private sector credit growth slowed to 5.4% in January from 5.6% in the previous month. Business credit eased to 4.7% from 5.6%. Growth in housing credit picked up to 6.4% in the year to January from 6.3% in December as the ...

Economic Wrap

BENJAMIN ONG  |  THURSDAY, 1 DEC 2016
... previous month. The annual rate of growth had been easing since it peaked at 6.6% in April this year. Similarly, business credit growth slowed to 4.4% (from 4.8%) in the twelve months to October while lending to housing was flat at 6.4%. Personal lending ...
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