It's all quiet a day out from Alan Bollard's final OCR and Monetary Policy Statement.
Westpac, yesterday, put out a paper on household debt. It notes there has been a slowdown in the level of household, although levels are still high. The slowdown can be attributed to the softer housing market. HOwever, Westpace expects household borrowing to accelerate as the housing market continues to warm up – albeit not on the scale of last decade.
| « Westpac's cut and tuck | RBNZ leaves cash rate unchanged; Cost of mortgages historically low » |
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