Investing.com - The total amount of new credit issued to consumers and businesses in Australia rose more-than-expected last month, official data showed on Monday.
In a report, Reserve Bank of Australia said that Australian Private Sector Credit rose to a seasonally adjusted 0.7%, from 0.8% in the preceding month.
Analysts had expected Australian Private Sector Credit to rise 0.6% last month.
In a report, Reserve Bank of Australia said that Australian Private Sector Credit rose to a seasonally adjusted 0.7%, from 0.8% in the preceding month.
Analysts had expected Australian Private Sector Credit to rise 0.6% last month.