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The Reserve Bank of Australia (RBA) released its private sector credit data on Tuesday. The total value of private sector credit in Australia rose 0.5% in April, exceeding expectations for a 0.4% gain, after a 0.4% increase in March.
Housing credit increased 0.4% in April, personal credit declined 0.1%, while business credit rose 0.8%.
On a yearly basis, the private sector credit in Australia jumped 6.7% in April, after a 6.4% rise in March.
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