RBNZ needs to start cutting; Mortgages and cars – the two should not go together

Wednesday, July 3rd 2024, 11:23AM

Interest rate cuts need to start soon as inflation has been beaten, BNZ economists say. [READ ON]

Mortgage arrears were up slightly in May, with 22,000 home loans now past due - up 12% year-on-year and a return to 2019 pre-pandemic levels, the latest figures from credit bureau Centrix show. [See here]

« Latest RBNZ figures show lending stock bounds aheadNew code brings commonsense to lending; Massive liberalisation of planning rules to end housing woes »

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