AAP General News (Australia)
04-28-2006
Fed: More reasons for rate rise ahead of RBA meeting
Increased borrowing by businesses and consumers .. and signs of life in the housing
sector .. may be enough to force the Reserve Bank to lift rates next week.
The latest private lending figures showed an increase in private sector credit of 1.2
per cent in March .. and an annual rate of 14.3 per cent .. an 18 month high.
Business credit growth has hit a 16-year high of 17.3 per cent .. and housing credit
was up 13 per cent over the past 12 months .. well down on its five year average.
The RBA will announce its decision on interest rates on Wednesday.
AAP RTV sw/so/wf/bart
KEYWORD: ECONOMY (CANBERRA)
2006 AAP Information Services Pty Limited (AAP) or its Licensors.
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