APRA should have been more diligent on monitoring data! F for fail! Problem for APRA, they have simply been passing on Bank stats to Treasury and banks lie all the time as to true stats. So we end up with FAKE STATS and DATA.
New Bank data on investor loans 'may' prompt APRA action
26 March 2017
Locally is also a bit light-on in terms of fresh data, although February's Reserve Bank's private sector credit survey (Friday) will be keenly watched given investor lending for property appears to have slipped from under the bank regulator's thumb and is growing rapidly again.
APRA has bluntly told the big banks they are running near the 10 per cent annual growth speed limit for investor loans.
The banks responded by jacking up mortgage rates — particularly for investors — and tightening lending rules.
Another spurt could see the lending speed limit halved to around 5 per cent growth.
Business lending will also be studied closely, but for entirely different reasons.
January was unexpectedly weak, with business credit falling for time in six months.
Another reverse in February's numbers could fuel suspicions conditions are weakening in business, which would be a conundrum for a Reserve Bank worried about excesses in property lending.