Reserve Bank data: 70 percent of New Zealanders worried about money as economy 'doing it tough'
It comes after 230 companies failed in March.
Source: newshub.co.nz
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Low interest rates, strong job market behind consumer lending rise
Non-mortgage lending rose 38 percent in June. Photo: 123RF Data from credit bureau Centrix shows non-mortgage lending, which includes credit cards, personal loans and buy now pay later schemes, rose to more than $600 million in June, a 38 percent increase on May. The managing director of Centrix Keith McLaughlin said most of the spending had been on high-priced luxury items, such as top of the line vehicles. "When people are buying luxury items such as motor vehicles, it tends to reflect the confidence in the marketplace, confidence that they have jobs that they are secure in their employmen...
Source: rnz.co.nz