APRA’s June banking statistics are out and show little evidence of macroprudential inspired lending in June:
ANZ | CBA | MAC | NAB | SUN | WBC | |
Jun-15 | 12.0 | 10.2 | 81.6 | 14.0 | 11.1 | 9.9 |
May-15 | 11.8 | 9.9 | 86.8 | 14.1 | 11.6 | 10.0 |
Only SUN is slowing materially and it also worth noting that ANZ’s entire time series suddenly lifted by some $20 billion suggesting a rather large portfolio re-allocation to the “investor” category:
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All of the big announcements on tightening have been this month but given the policy was announced last December one would be forgiven for thinking that the banks have enjoyed one giant six month piss take.