Tuesday, January 1

November 2012 Credit Aggregates

Yesterday the RBA served up its credit aggregates for November 2012. From the first two charts we can see that lower interest rates are not translating into significant borrowing growth. The drop-off in the 6-month annualised line is particularly noticeable.

Let's look at that growth rate in its long-term context.

And a more detailed look at the components.

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