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Private sector credit close
# Revised Better / Worse Units: % m/m
Impact Actual Forecast Previous Time Date
Med 0.40 0.30 0.40 20:30 4/29


Reserve Bank of Australia


The change in the total value of new credit issued to businesses and consumers.



Why should I care?

Data on private loans are taken as indicators of business and consumer confidence.When people are feel more secure of their future financial positions, they are more confident in applying for loans so that they can spend more. A high reading is typically bullish for the AUD.


The OlsenScale (SMQ)

The Olsen Scale quantifies the market activity according to the Scale of Market Quakes (SMQ).

Similar to the Richter scale which measures the release of seismic energy during an earthquake, the SMQ relates excessive pricing along various price and time scales to historical data by assigning a single number to it. On a constant basis, the scale therefore characterizes the state of the market.

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Released: Apr 29, 2012 20:30
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