A flicker of hope for business lending

Lending finance data suggests the business sector faces considerable challenges as conditions for the non-mining sector remain subdued, but a rate cut could see a small pick-up in growth.

Low interest rates continue to support business lending but growth has moderated significantly during 2014. The outlook for business lending remains uncertain and will largely depend on whether the non-mining sector can gather momentum over the remainder of this year and maintain it through next year.

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