FX.co ★ Australia Private Credit Growth Matches Forecasts

In August 2025, Australia witnessed a 0.6% month-on-month rise in private sector credit, which aligned with market forecasts but showed a slight deceleration from the 0.7% growth recorded in the prior month. This moderation was primarily attributed to a slowdown in business loans, which increased by 0.6% after experiencing a 1.3% rise in July. Concurrently, personal loans grew to 0.5% in August, up from 0.4% in July, while housing loans increased slightly to 0.6% from 0.5%. On an annual scale, private credit maintained its growth at 7.2% in August 2025, consistent with the rate of the previous month and representing the most robust growth since February 2023.