Asset

Private Sector Credit (MoM)

economic
stockPerformance
Updated: 30 Nov, 12:30 am UTC
Deviation
-0.09999999999999998%
Consensus
0.6%
Previous
0.7%
Actual
0.6%
30 Nov31 Jan31 Mar31 May29 July30 Sept30 Nov0.40.450.50.550.60.650.70.750.80.850.90.95
Description
Source: Reserve Bank of Australia
The Private Sector Credit released by the Reserve Bank of Australia is an amount of money that the Australian private sector borrows. It shows if the private sector can afford large expenses, which can fuel economic growth. It is considered as an indicator of business conditions and the overall economic condition in Australia. Generally, a high reading is seen as positive (or Bullish) for the AUD, whereas a low reading is seen as negative.