Australia Private Sector Credit for March: +1.1% m/m (expected 0.3%)

March data only begins to capture the tsunami hit to the economy from the coronavirus outbreak. 
 +1.1% m/m
– expected 0.3% m/m, prior 0.4%
– expected 2.8%y/y, prior 2.8%
Good results, but its the results from April on that will display the impact of the voc1 outbreak on the economy. Some of the credit jump will be due to