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The Reserve Bank of Australia (RBA) has released its private sector credit aggregates data for the month of February.
Quarterly mortgage credit growth continued to strengthen, rising for the seventh consecutive month to 1.2% – the highest rate of growth since June 2018:
Quarterly mortgage credit growth hit the highest level since June 2018.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.