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Archive for February 2018

Credit growth sinks into rate cut territory

This article originally appeared on MacroBusiness via UBS on 1/3/18. Jan-18 credit below expected at 0.3% m/m; holding a ~4-year low of 4.9% y/y Private credit growth was below consensus again, with another rise of only 0.3% m/m (UBS & mkt: +0.4%), the equal lowest since Jan-17. This held the y/y at only 4.9%, the equal…

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Offshore funding key to Aussie mortgage markets

This article originally appeared on AB+F on 13/2/18. The burden shouldered by Australian banks in funding most of Australia’s net foreign debt liability is critical,  Graham Andersen, chief executive, Australian Mortgage Marketplace. It’s vitally important that Australia continues to have a strong, robust mortgage market and a diversity of funders that can access offshore funding…

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