Private Sector Credit Grew 0.4% in December - Reserve Bank of Australia

Private Sector Credit Grew 0.4% 

The Reserve Bank of Australia (RBA ) reported in Thursday that the overall amount of private sector recipient in Australia increased 0.4 % in December over November. However, for the full year to December , overall Private Sector Credit increased 3.6 %.

The RBA told that  housing credit rose by 0.3 percent on month, and rose 4.5 percent on year. Business credit rose 0.7 percent on month and 2.8 percent on year.