Kicking off the economics calendar this week is the release of private sector credit extension data for June on Monday.
Private sector credit cooled to a three-month low as poor economic growth prospects and the tight job market continue to depress business and consumer confidence, Reserve Bank data showed. The 6.8% growth in May, from April’s 7.1%, was in line with market expectations, with the slowdown in credit demand mainly driven by a fall in both household and corporate lending growth....
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