Mortgage News

Reserve Bank guesses at reasons for dramatic slowdown of credit growth

Wednesday 9th of May 2012

It estimates growth in borrowing has slowed from $19 billion a year to below $2 billion now.

About $8 billion of the slowdown is likely due to a range of factors, the central banks says.

"Anecdotal reports from banks indicate that the number of households making principal payments ahead of schedule has increased, with many households using some of the savings from lower interest r...

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