Tag: Reserve Bank

Demand for Consumer Loans on The Rise

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With inflation and interest rates on the rise, it comes as no surprise that more people are struggling to manage tighter household budgets. According to a new Credit Indicator report released by credit bureau Centrix, consumer arrears rose by 5% in October as compared to a year before. There was…

Central Bank Mysteriously Hacked

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New Zealand’s central bank was victim of a computer hacking attack, but further details remain under investigation. The Reserve Bank of New Zealand, which had stored data on a third-party file-sharing server, stated that sensitive personal and commercial information was accessed by an unknown individual in one of their data…

New Zealand’s Inflation Rate Shows Promising Sign

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New Zealand’s inflation rate is now expected to hit the Central Bank’s target more quickly than was initially thought, signalling a healthier post-pandemic recovery period. The yearly inflation rate held stable during the fourth quarter of last year – a substantially better outcome when compared to the prior estimates of…

NZ Housing Market’s Hot Streak Continues Despite Recession Fears

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Despite the dampening effect the pandemic has had on the global and local economy, the housing sector has managed to thrive. Even with the country likely to dip into another recession in 2021, NZ is experiencing the highest housing boom in 20 years with a record share of properties being…