Credit growth slows in October: RBA

By Michael Mehr
Updated November 29 2019 - 3:08pm, first published 3:02pm
The RBA says property lending grew at 0.3 per cent in October compared to 0.2 per cent in September.
The RBA says property lending grew at 0.3 per cent in October compared to 0.2 per cent in September.

Lending to property buyers grew only slightly in October while business loans contracted, according to statistics from the central bank that suggest the annual pace of credit has slowed to a nine and a half year low.

Subscribe now for unlimited access.

$0/

(min cost $0)

or signup to continue reading

See subscription options

Get the latest Batemans Bay news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.