28.03.201920:50:00UTC+00Australia Private Sector Credit Advanced 0.3% In February

Private sector credit in Australia was up 0.3 percent on month in February, the Reserve Bank of Australia said on Friday - exceeding expectations for a gain of 0.2 percent, which would have been unchanged from the January reading.

On a yearly basis, private sector credit climbed 4.2 percent - matching forecasts and slowing from 4.3 percent in the previous month.

Housing credit was up 0.3 percent on month and 4.2 percent on year, while personal credit sank 0.1 percent on month and 2.7 percent on year and business credit perked 0.3 percent on month and 5.3 percent on year.

Broad money gained 0.6 percent on month and 3.0 percent on year.