Card spending up along with repayments
Another set of figures released by the RBA have also sparked a lot of interest as, for the first time, the Bank has given a breakdown of the amount of money lenders have made in penalty charges.
Over the course of 2008, banks made more than $1 billion from charges imposed on people who went overdrawn, used a foreign ATM machine or paid off credit cards late.
"It’s not hard to see why many Australians get angry with the banks," said treasurer Wayne Swan.
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