RTTNews | Jan 30, 2022 07:47PM EST

19:47 Sunday, January 30, 2022 (RTTNews.com) - Total private sector credit in Australia 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 and 3/8 percent on year and business credit was up 1.1 percent on month and 8/4 percent on year.

Broad money gained 1.5 percent on month and 9.5 percent on year.

Read the original article on RTTNews ( https://www.rttnews.com/3258461/australia-private-sector-credit-rises-0-8-on-month-in-december.aspx)

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