Total Australian Credit

$7,479,013,475,040

More Information

AUD

 

Total Australian Credit outstanding includes all debt and equity outstanding of the domestic non-financial sectors.

Total Australian Credit has grown from AU$787.7 billion in December 1989 to AU$6.3 trillion in December 2016; an increase of a little over 800% over a 27 year period.


0,000 Thousands
0,000,000,000 Millions
0,000,000,000,000 Billions
0,000,000,000,000,000 Trillions

Menu

Interest Rates

Should the cash rate have been cut on Tuesday?

 

Callam Pickering from Business Spectator wrote a great follow up piece to the absence of a cash rate cut on Tuesday entitled Has monetary policy failed Australia’s economy? The article raised the question ‘What’s the counterfactual?’ … i.e. ‘Based on the historical relationship between interest rates and growth, there is a non-trivial possibility that if the cash

Read more about Blog entry

An April Cash rate cut is looking more likely

 

The 30, 90 and 180 Bank Accepted Bills (BABs) have all dipped below the Cash rate in recent days. This will put pressure on the RBA to reduce the Cash rate this coming Tuesday when it goes to board for this month. Chart 5.1 shows the BABs rates against the Cash rate for 2015: Chart

Read more about Blog entry

More signals for lower interest rates

 

The market for 3 year CGS did stabilise in mid-February to mid-March, with yields rising back to a normal level above 2 year CGS yields. However, this was short lived as demand for 3 year CGS has driven the yield again below 2 year CGS yields in recent days. See table 4.1 below: Table 4.1

Who is paying the additional interest on the debt?

 

Much has changed in the world since the Financial Crisis of September 2008. Structural changes to financial markets have been a necessary evolution from this broadly unforeseen event. One of the major structural changes here in Australia has been the issuance of Commonwealth Government Securities (CGS) that has grown over 6 fold since September 2008;

Read more about Blog entry

Cut or not to cut…

 

As we get closer to the release of the RBA’s interest rate decision release today at 2.30pm AEDT, one of the key factors they will need to take into account is the Bank Accepted Bills (BAB) data which estimates end of day bank bill rates. See Chart 2.1 below: Chart 2.1 Without an interest rate

Read more about Blog entry

Interest rates in 2015

 

Happy New Year everyone! We thought it would be a great idea to kick off 2015 with a blog to help provide more information around what is happening in the Australian economy. 2014 was an economically challenging year on many fronts; the Federal Government’s efforts to balance the budget have put negative pressure on national

Read more about Blog entry