RBA credit aggregates for September are out and it’s flat out boring with private sector credit month on month up 0.3% against expected of 0.2%. Year on year is up 4% against expected at 3.9%:
As you can see there is just nothing to say about the segments except they’re going sideways. Household and investor mortgages are stable, business and revolving credit reversed recent declines. Here are the charts:
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Nothing to see here.
