Zero progress on MP tightening in April

APRA has released its April banking statistics and it’s a washout so far as macroprudential tightening is concerned. Of the big six banks only one slowed investor lending growth and it remains well above the 10%line anyway:

ANZ CBA MAC NAB SUN WBC
10.5 9.5 74.8 13.9 12.1 10.3

Here’s the chart:

12

 

And including the Macquarie Bank mortgage free radical:

2

All of the movement has been in the last week so we’ll probably not see much progress before the June numbers.

David Llewellyn-Smith
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