|
Australian Private Sector Credit Ticks Up as Expected |
|
|
|
Australian Economy |
Written by CEP News |
Aug 29 08 03:33 GMT |
|
|
(CEP News) - Credit from Australian financial intermediaries increased as expected by 0.5% for the month of July, up from last month's 0.4% figure, the Reserve Bank of Australia reported Friday.
On an annual basis, private sector credit rose 11.2%, higher than the 11.0% forecast but lower than last month's revised 11.8% figure. The RBA also reported that M3 and broad money grew by 2.2%. On an annual basis, broad money increased by 15.7%. All growth rates released by the RBA are seasonally adjusted. By Megan Ainscow,
This email address is being protected from spam bots, you need Javascript enabled to view it
CEP Newswires - CEP News © 2008. All Rights Reserved. www.economicnews.ca The Copying, Broadcast, Republication or Redistribution of CEP News Content is Expressly Prohibited Without the Prior Written Consent of CEP News. A copy of CEP News disclaimer can be found at http://www.economicnews.ca/cepnews/wire/disclaimer. |
