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 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.