TMM - News

Mortgage defaults to rise over the next year

Wednesday 1st of November 2023

This is more than double their existing levels but lower than the defaults seen after the global financial crisis (GFC). 

The prediction is in the Reserve Bank’s latest six-monthly Financial Stability Report. The RBNZ’s  analysis of loan performance also suggests a similarly negative outlook, based on the August Monetary Policy Statement, with unemployment rising t...

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