Australia: Weaker home loans data for August – TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities note that Australia posted a weaker home loans data at -2.1%/m for August due to a slump in owner-occupied loan value at -2.7%/m, contrary to TDS expectations.

Key Quotes

“Tighter lending controls are the likely driver, good news since debt has been piling up since the GFC. The RBA semi-annual Financial Stability Review was released, overall a glass-half-full document with the usual list of possible downside risks.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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