Private sector credit in Australia was up 0.5 percent on month in February, the Reserve Bank of Australia said on Tuesday - matching forecasts and slowing from 0.6 percent in January.
On a yearly basis, credit climbed 6.2 percent - unchanged from the previous month but shy of forecasts for 6.3 percent.
Individually, housing credit was up 0.5 percent on month and 7.2 percent on year, while personal credit dipped 0.3 percent on month but gained 0.5 percent on year. Business credit spiked 2.4 percent on month and 5.6 percent on year.
The M3 money stock and broad money both added 1.1 percent on month and 7.9 percent on year.
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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.