Household saving threatened by increased appetite for credit, RBNZ says

Tue, 12 Nov 2013

By Paul McBeth Nov. 13 (BusinessDesk) - Improvements in the country’s household savings rate in recent years as people got on top of stretched balance sheets during the longest recession in 20 years may be under threat amid increased appetite for credit, according to the Reserve Bank. New Zealand’s private savings have been increasing since 2010 as households cut back investment and put more money in banks’ term deposits, though rising demand for credit may test that, the Reserve Bank said in its six-monthly financial stability report. De...

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