Andrew Hanlan, analyst at Westpac, points out that the Australia’s credit growth has been slowing as credit grew by 0.2% in December and again by 0.2% in January. Key Quotes “Credit grew by 6.6% in 2015, moderating to 5.6% in 2016, 4.8% in 2017 and then 4.4% for 2018. Annual growth is now 4.3%.” “Key to this trend has been the housing sector. Housing credit growth has slowed over recent years: from 7.4% in 2015; 6.3% in both 2016 and 2017; to 4.7% in 2018. The latest annual reading is 4.4%.” “Momentum in housing credit, as measured by 3 month annualised growth, has slowed progressively from a peak of 6.7% in May 2017 to be 3.2% currently.” “More generally, business credit growth is expanding at a moderate underlying pace as firms in the non-mining economy increase investment in the real economy.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next China Commerce Ministry declines to answer questions on US trade talks FX Street 4 years Andrew Hanlan, analyst at Westpac, points out that the Australia's credit growth has been slowing as credit grew by 0.2% in December and again by 0.2% in January. Key Quotes "Credit grew by 6.6% in 2015, moderating to 5.6% in 2016, 4.8% in 2017 and then 4.4% for 2018. Annual growth is now 4.3%." "Key to this trend has been the housing sector. Housing credit growth has slowed over recent years: from 7.4% in 2015; 6.3% in both 2016 and 2017; to 4.7% in 2018. The latest annual reading is 4.4%." "Momentum in housing credit, as measured by 3 month… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
