Total credit provided to Australia's private sector rose 0.2 percent month-on-month in March, data from the Reserve Bank of Australia showed Tuesday.
The pace of growth was the same as that in February. Over the year to March, total credit rose 3.2 percent.
Housing credit increased 0.4 percent month-on-month in March, while business credit was unchanged.
The central bank also reported that Australia's M3 money supply grew 0.6 percent month-on-month and broad money rose 0.6 percent. Over the year to March, broad money increased 6 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.