Household debt: no brakes yet
Page 1 of 2 5:00AM Tuesday July 31, 2007
By Brian Fallow

Lending figures out yesterday did little to bear out the Reserve Bank's comment last week that New Zealanders have been showing early signs of moderating their borrowing.

Borrowing by households, businesses and farmers last month have all accelerated on an annual basis.

Households' debt to banks and other lending institutions at the end of June was $159.3 billion, an increase of 13.6 per cent on June last year.

It is the highest annual increase since August last year.

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