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The Reserve Bank of Australia (RBA) released its private sector credit data on Monday. The total value of private sector credit in Australia rose 0.7% in October, exceeding expectations for a 0.6% gain, after a 0.7% increase in September. September's figure was revised down from a 0.8% rise.
Housing credit increased 0.6% in October, personal credit was down 0.3%, while business credit rose 10.0%.
On a yearly basis, the private sector credit in Australia jumped 6.7% in October, after a 6.6% in September.
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