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Showing 1 - 10 of 38 results for "Private sector credit"

Economic recap: Week to July 2

BENJAMIN ONG  |  MONDAY, 5 JUL 2021
... restrictions in major cities and select localities in the country, as well as border closures among 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 ...

Chief economist update: Negative bang for RBA, government's buck

BENJAMIN ONG  |  THURSDAY, 10 OCT 2019
... rate during the boom time before the GFC - and they certainly, aren't going to borrow to spend - total private sector credit slowed to 2.9% in the year to August (after two rate cuts at the time) with personal credit down for the 47th month in a ...

Chief economist update: No credit to the RBA

BENJAMIN ONG  |  MONDAY, 1 APR 2019
... and it will - it might be too late to reverse the slowing growth momentum in the domestic economy. Total private sector credit growth slowed to 4.2% in the year to February, down from 4.3% in the previous month - the fifth straight month of weakening ...

Chief economist update: Is TLTRO III coming?

BENJAMIN ONG  |  TUESDAY, 27 NOV 2018
... up to four years. They offer long-term funding at attractive conditions to banks in order to further ease private sector credit conditions and stimulate bank lending to the real economy. The TLTROs, therefore, reinforce the ECB's current accommodative ...

Chief economist update: Home cooling

BENJAMIN ONG  |  WEDNESDAY, 21 MAR 2018
... results are also consistent with the easing in the annual growth rate in housing credit contained in the RBA's private sector credit report released earlier this month. That report showed credit to housing slowing to 6.3% in the year to December from ...

Chief economist update: Australia low on credit

BENJAMIN ONG  |  THURSDAY, 1 MAR 2018
... call. For sure, economic dynamics may change sometime down the road but given the current slowing trend in private sector credit (in spite of record low interest rates) the Australian central bank won't be in a hurry. Total private sector credit growth ...

Australian businesses lift borrowing

BENJAMIN ONG  |  TUESDAY, 1 AUG 2017
... relative to home borrowings even as home borrowing still dominates credit markets. According to the RBA total private sector credit growth accelerated almost three times faster than inflation to 5.4% in the year to June from 5.0% in the previous month. ...

Not so happy EOFY for the All Ords

BENJAMIN ONG  |  MONDAY, 3 JUL 2017
... this is the slowest on record). Consumers aren't borrowing too (except for home purchases) with the RBA's private sector credit report showing that the annual growth in personal lending contracted for the 19th straight month - down 1.4% in the year to ...

Australian property love affair cannot please everyone

BENJAMIN ONG  |  FRIDAY, 30 JUN 2017
... just-released RBA Financial Aggregates report for May show that Australia's credit state of affairs continues. Total private sector credit growth inched up from 4.9% in the year to April to 5% last month. While this put a stop to the four straight month ...

Australian end of financial year sale

BENJAMIN ONG  |  FRIDAY, 30 JUN 2017
... last night (the Nasdaq even more, down 1.4%) while the Stoxx Europe fell by 1.3%. [To see Ben's Australian private sector credit analysis, click here.] Bloggeratis point their fingers at recent comments by the head honchos of the world's biggest central ...
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