Economic Buzz: Australia Private Sector Credit Up 0.8% On Month In December

31 Jan 2022 , 10:22 AM

Australia private sector credit was up 0.8 percent on month in December, the Reserve Bank of Australia said on Monday, easing from 0.9 percent in November. On a yearly basis, credit was up 7.2 percent, accelerating from 6.6 percent in the previous month. Housing credit was up 0.7 percent on month and 7.4 percent on year, while personal credit sank 0.8 percent on month. Broad money gained 1.5 percent on month and 9.5 percent on year.

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