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Australia's Monthly Total Credit Rises in March

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-- Australia's total credit rose 0.7% month on month in March, following a 0.6% increase in February, data from the Reserve Bank of Australia showed Thursday.

Housing credit rose by 0.6%, the same rate as the previous month, while personal credit rose 0.6%, following a 0.4% increase.

Business credit rose 0.8%, matching the growth rate recorded in the previous month.

Broad money rose 0.7%, following a 0.8% increase in the previous month.

Total credit jumped 8.1% in the year ended March, compared with the 6.5% increase in the year ended March 2025.

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