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Aussie households pull deleveraging handbrake

October 1, 2020 - 00:20 -- Admin

The latest private sector credit data released yesterday by the Reserve Bank of Australia revealed that the stock of personal credit collapsed by 12.5% in the year to August – the biggest plunge in recorded history: As shown above, this decline in personal credit growth dwarfs the troughs of the GFC (-7.8%) and the early

The post Aussie households pull deleveraging handbrake appeared first on MacroBusiness.

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