Aussie Mortgage Growth Steady, ANZ Growth Softens -- Market Talk

Dow Jones04-02

2324 GMT - Australia's mortgage growth is steady in February, say Morgan Stanley analysts in a note. New data for February shows system housing loans grew at an annualized rate of around 4.5% in February versus around 4.5% in January and December. For the major banks, ANZ's growth was softer in February at around 5% compared with 6.9% in January. CBA, NAB and Westpac were broadly stable at 3%. Regional lenders Bendigo and Adelaide Bank and Bank of Queensland had a stronger month, notes MS. "Despite these moves, the majors and regionals are tracking in line with our housing loan forecasts," says the investment bank. (alice.uribe@wsj.com)

(END) Dow Jones Newswires

April 01, 2024 19:24 ET (23:24 GMT)

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Regional lenders Bendigo and Adelaide Bank and Bank of Queensland had a stronger month, notes MS. \"Despite these moves, the majors and regionals are tracking in line with our housing loan forecasts,\" says the investment bank. 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New data for February shows system housing loans grew at an annualized rate of around 4.5% in ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1668664300.SGD","symbol_name":"Blackrock World Financials A2 SGD-H","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2424099207","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2424099207","pubTimestamp":1712013840,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2324 GMT - Australia's mortgage growth is steady in February, say Morgan Stanley analysts in a note. 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