The risks to business from declining house prices
The RBNZ says a reduction in household spending could have negative flow-on effects for businesses.
The Reserve Bank warns businesses will not be unaffected by a drop in household spending.
Businesses should watch with interest to see what impact falling house prices will have on household spending.
In its November Financial Stability Report (FSR), the Reserve Bank warned businesses would not be unaffected if a rise in unemployment pushed households into difficulty and accelerated the
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