Deposit growth stable (members)

Thursday 31 July 2014

From APRA’s June banking statistics out today. Monthly deposit growth is more or less stable:

Year on year is the same around 8%:

The components are showing stability for households and corporations but pressure for financial institutions as credit growth accelerates:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.