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COPYRIGHT 2007 Asia Pulse Pty Ltd
SYDNEY, Jan 31 Asia Pulse - A slowdown in credit growth hints at easing inflationary pressures but is unlikely to be enough to mollify the Reserve Bank of Australia (RBA).
When the central bank last tightened monetary policy, with a 0.25 percentage point hike in the overnight cash rate to 6.25 per cent in November, it cited strong credit growth as one of its reasons.
Excessive growth in credit is often associated with rising inflation, which the central bank has vowed to keep under control.
The...
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