Business credit continues to decline. It fell 0.3 per cent in December 2010, following a fall of 0.1 per cent in November, the RBA said in its monthly financial aggregates published yesterday.For banks, the rate of decline in business credit over the month was slightly faster, at 0.6 per cent, than for other lenders, based on APRA data.The annual fall in business credit was 2.3 per cent, the Reserve Bank of Australia said. Banks in aggregate, however, recorded growth in business loans over the year of 0.2 per cent, the separate APRA data series shows.In late 2009, the rate of decline in the RBA measure of business credit was seven to eight per cent, so trends in credit are better if continued asset growth is one business aim.Growth in home loans continues, but at a slower pace.Housing lending growth fell one percentage point over 2010, to 7.3 per cent.Structural changes in the market - mainly a result of regulatory reform on credit law - mean this rate of growth will fall further and well under the rate of growth of nominal money.The RBA puts broad money growth at 8.1 per cent in 2010 and growth in M3, if anyone still follows this, at 9.6 per cent.