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Australia Private Sector Credit Gains 0.3% In February

Private sector credit in Australia was up 0.3 percent on month in February, the Reserve Bank of Australia said on Tuesday - unchanged from the previous month and in line with expectations.

On a yearly basis, credit was up 2.8 percent - exceeding forecasts for 2.6 percent and up from 2.5 percent in January.

Housing credit was up 0.3 percent on month and 3.2 percent on year, while personal credit fell 0.5 percent on month and 5.3 percent on year and business credit rose 0.9 percent on month and 3.5 percent on year.

Broad money gained 0.4 percent on month and 4.1 percent on year.

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