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Housing Credit MoM

Name: Housing Credit MoM
Creator: TipRanks

The 'Housing Credit MoM' in Australia refers to the month-over-month change in the amount of credit extended to households for housing purposes. It measures the growth in housing loans and is a key indicator of consumer confidence and economic activity. This metric is important as it influences monetary policy decisions and can impact financial markets by affecting interest rates and housing market dynamics. In Australia, where the housing market plays a significant role in the economy, changes in housing credit can signal shifts in economic conditions and consumer spending patterns.