May
30
Animal Spirits Stir as Aussie Corporate Loans at 7-Year High
By-
Corporate credit climbed 7.4% in April from year earlier
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Business lending now growing at faster pace than mortgages
Australian lending to businesses is growing at the quickest pace since the global financial crisis in a sign that the “animal spirits” long sought by the country’s central bank are finally stirring.
Loans to companies climbed 7.4 percent in April from a year earlier, the most since January 2009, according to the Reserve Bank of Australia. Record low interest rates are encouraging investment and the jump in corporate borrowing outpaced growth in mortgage lending for the first time in more than seven years as banks tightened home-loan standards amid regulatory pressure…
Animal Spirits Stir as Aussie Corporate Loans at 7-Year High
