Total credit provided to the private sector by financial intermediaries was flat in October, the Reserve Bank of Australia said on Monday, following the 0.1 percent decline in September. Over the year to October, total credit rose by 1.1 percent.
Housing credit increased 0.7 percent in October, the data showed, following an increase of 0.7 percent in September. Over the year to October, housing credit rose by 8.0 percent.
Other personal credit rose by 0.6 percent in October, following a rise of 0.2 percent in September. Over the year to October, other personal credit fell 3.6 percent.
Business credit fell 1.3 percent in October, following the 1.3 percent decline in September. Over the year to October, business credit shed 6.8 percent.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.