Personal Lending

Total personal finance commitments rose 1.1 per cent in November, seasonally adjusted, to $7.053 billion, from $6.959 billion in October. This is the sort of borrowing that the RBA is not going to want to let get out of control seeing as we, as a nation, already have a very high household debt ratio. This is an extra point in the rate rise argument list.

Employment figures are out today with expectations for 10,000 more people to be employed and the unemployment rate to remain unchanged.