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Australia Private Sector Credit Rises 0.5% In January
(RTTNews) - Total credit in Australia was up 0.5 percent on month and 6.5 percent on year in January, the Reserve Bank of Australia said on Friday.
Housing credit was up 0.4 percent on month and 5.6 percent on year, while personal credit was flat on month and up 2.2 percent on year and business credit climbed 0.7 percent on month and 8.8 percent on year.
Broad money was up 0.3 percent on month and 5.2 percent on year.
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Australia June Trade Surplus A$5.365 Billion
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Australia Building Approvals Jump 11.9% In June
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Australia Building Approvals Jump 11.9% In June
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Reserve Bank of Australia's policymakers said cutting the interest rate for a third straight time within the gap of four meetings would be inconsistent with the cautious monetary policy stance, the minutes of the July monetary policy meeting showed Tuesday. Majority of members said that it would be prudent to wait for confirmation that inflation would sustainably return to target as forecast.
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