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Following in the footsteps of ANZ bank a few months back, Westpac has sounded the alarm on New Zealand’s rising household debt. From Interest.co.nz:
A Westpac Institutional Bank IQ Report on household debt prepared by Westpac senior economist Satish Ranchhod said a build up of household debt was one of the key issues confronting the New Zealand economy…
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.