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Australia Private Sector Credit Adds 0.2% On Month, 4.3% On Year

Private sector credit in Australia was up 0.2 percent on month in December, the Reserve Bank of Australia said on Thursday - shy of estimates for 0.3 percent, which would have been unchanged from the November reading.

On a yearly basis, credit was up 4.3 percent - again missing expectations for 4.4 percent, which also would have been unchanged.

Housing credit was up 0.3 percent on month and 4.7 percent on year, while personal credit fell 0.4 percent on month and 2.0 percent on year and business credit rose 0.3 percent on month and 4.8 percent on year.

Broad money was flat on month and up 2.4 percent on year.

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