Household borrowing still too high
The prudence party petered out a couple of years ago, and recent 'reductions' in borrowing have been overplayed.
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Despite what you might have heard, borrowing for housing is still quite high.
Credit growth figures from the Reserve Bank have been hailed in some quarters as showing the level of borrowing for housing is settling down, and that perhaps the central bank's restrictions on lending are
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Household borrowing still too high
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