Private Sector Credit indicator is released by the Reserve Bank of Australia and shows the change in the total value of new credit issued to consumer and businesses. It represents a second tier indicators and as such, low levels of volatility are expected.
The most important things to take into consideration when looking at the Private Sector Credit indicator are the following:
- release date: monthly, on the last business day of the following month;
- release time: 01:30 GMT, during the Asian session;
- second tier data;
- low volatility expected.