The Reserve Bank of Australia published its May 2026 financial aggregates, showing seasonally adjusted total credit rising 0.7 percent in the month and 8.2 percent over the year, while broad money increased 0.3 percent in the month and 7.9 percent over the year. Within credit, housing rose 0.5 percent in May and 7.5 percent year on year, personal credit rose 0.6 percent and 4.4 percent, and business credit rose 1.0 percent and 9.9 percent. The release also warns that publication of the financial aggregates and some RBA statistical tables may be delayed over the coming months because of the decommissioning of the Direct to APRA reporting system for financial institutions. Historical levels and growth rates have been revised to reflect resubmitted data from some financial intermediaries, re-estimated seasonal factors and the incorporation of securitisation data. The RBA notes that its credit aggregates cover credit provided by financial institutions operating domestically and do not capture cross-border or non-intermediated lending.
Reserve Bank of Australia2026-06-30
Reserve Bank of Australia reports May credit growth of 0.7 percent and warns of delays to financial aggregates releases
The Reserve Bank of Australia’s May 2026 financial aggregates show total credit rising 0.7 percent in the month and 8.2 percent over the year, with business credit the strongest component at 1.0 percent monthly growth and 9.9 percent annual growth. Broad money rose 0.3 percent in May and 7.9 percent year on year. The RBA also warned that decommissioning of the Direct to APRA reporting system could delay publication of the aggregates and some statistical tables over the coming months.