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Showing 21 - 30 of 111 results for "Credit growth"

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

BENJAMIN ONG  |  THURSDAY, 10 OCT 2019
... August (after two rate cuts at the time) with personal credit down for the 47th month in a row to 3.5% and housing credit growth continuing to slow to 3.1%. No wonder business confidence is also down. The NAB Business Survey shows that business confidence ...

The state of the banks

ELIZABETH MCARTHUR  |  TUESDAY, 7 MAY 2019
... that we have been highlighting for some time are strengthening. Increasingly difficult lending conditions, slowing credit growth, and signs that the credit quality cycle is turning are setting the scene for a new era of banking in Australia," Heath said. ...

Westpac profits down 24%, dividend flat

KANIKA SOOD  |  MONDAY, 6 MAY 2019
... are likely to remain soft and home building is set to reduce through 2019 and into 2020. We expect system housing credit growth to slow t 2% in the current bank year and fall further next year to 2.5%. That would imply a total credit growth slowing to ...

Chief economist update: No credit to the RBA

BENJAMIN ONG  |  MONDAY, 1 APR 2019
... 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 growth ...

Royal Commission to suppress bank stocks

KARREN VERGARA  |  MONDAY, 4 FEB 2019
... a long period of time, he said. Inevitably, this will also flow into the housing market. A sharp deceleration in credit growth would also affect property prices - which has the effect of a "negative feedback loop." There'll likely be more distressed ...

Airlie backs financials but wary on banks

DARREN SNYDER  |  THURSDAY, 26 JUL 2018
... future years. "Over the next 12 months the chance of banks outperforming the rest of the market is high but slower credit growth could hamper it," Williams said. This said, about one-quarter (23%) of the fund's concentrated portfolio is in financials ...

Chief economist update: Steady at 24 and counting

BENJAMIN ONG  |  WEDNESDAY, 4 JUL 2018
... Conditions in the Sydney and Melbourne housing markets have eased, with prices declining in both markets. Housing credit growth has declined, with investor demand having slowed noticeably." The RBA expects some further tightening in lending standards. ...

Outlook darkens for bank stocks

KANIKA SOOD  |  THURSDAY, 31 MAY 2018
... plausible. As its base case, UBS analysts see banks maintaining dividend payouts at current levels. It sees housing credit growth stall by the end of FY20, as the credit conditions tighten. It also assumes house prices will fall by 5% over the coming ...

Chief economist update: Australia low on credit

BENJAMIN ONG  |  THURSDAY, 1 MAR 2018
... credit (in spite of record low interest rates) the Australian central bank won't be in a hurry. Total private sector credit growth barely moved, increasing to 4.89% in the year to January from 4.86% in the previous month. This, apart from December's ...

C is the key

BENJAMIN ONG  |  WEDNESDAY, 22 NOV 2017
... growth rate in consumer credit outstanding is 6.0%, last year it was 3.2%. This compares with Australia's personal credit growth -- or should I say, no growth - which had been registering consecutive year-on-year declines since January 2016 - down 1.0% ...