Australia & New Zealand Economics

Australia & New Zealand Economics Update

4 February, 2019

Royal Commission will add to slowing credit growth

The final report by the Royal Commission may add to the changes in bank behaviour that are already underway. However, the report did not recommend much that is likely to cause an upheaval for the finance industry. We therefore expect credit growth to continue to ease, contributing to the housing downturn and a softening in the wider economy.

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