If you had to judge the health of the Australian economy by the amount of lending going on, you’d be entitled to call for an ambulance to revive a fading patient after looking at today’s report from the Reserve Bank on private credit for September.
Private credit
Private credit drops 0.1%
Despite the surge in profits at our major retailers, private credit dropped 0.1% in May.
Private credit eases, rate cut firms
The latest private credit data means the Reserve Bank will almost certainly slash rates again next week, writes Glenn Dyer
