Worried consumers too scared to spend
Wage subsidy and other funds sitting in accounts untouched, ASB chief Vittoria Shortt says.
New Zealand is caught in a liquidity trap as Kiwis keep the purse strings tight and wait to see what happens, ASB chief executive officer Vittoria Shortt says.
The economic fallout from Covid-19 is occurring in phases, with borrowers first seeking help in the form of emergency overdrafts and
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