Growth in loans to businesses evaporates

Summary

RBA statistics for April recorded the slowest annual growth in credit for mortgages since the data was first collected in the late 1970s. The growth of lending to businesses flatlined in April while personal loans retreated for the seventh month in a row and annual property credit plummeted to unprecedented lows, central bank statistics suggest. The […]

Tags: business loans, Businesses, Credit, Growth, Lending, Loans, mortgages, Rba