Rising inflation rates will by highly influential in the trajectory of consumer credit, especially with the RBA looking to raise interest rates in the coming months. After the cash rate reached record lows during the pandemic to help boost economic growth, the RBA is planning rate hikes to combat inflation.
The growth of Buy Now, Pay Later has been under scrutiny by Australian financial regulators for much of the review period. The debate about whether BNPL should be categorised as credit appears to be reaching its end, with serious implications for both providers and users.
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Understand the latest market trends and future growth opportunities for the Consumer Credit industry in Australia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Consumer Credit industry in Australia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Non-mortgage consumer debt extended to individuals for personal or household use including installment loans and credit cards. Examples of consumer credit include auto lending, card lending, durables lending, education lending, home lending and other personal loans. Consumer credit includes both revolving and non-revolving credit.See All of Our Definitions
This report originates from Passport, our Consumer Credit research and analysis database.
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