Robertson confident in NZ economy, rate track despite high private sector debt

Wed, 14 Feb 2018

By Sophie Boot Feb. 14 (BusinessDesk) - Finance Minister Grant Robertson says he's not immediately concerned interest rates will impact peoples' abilities to pay their mortgages, but the government is "keeping an eye" on global market directions. At the finance and expenditure select committee this afternoon, Robertson appeared to speak to the Crown accounts for the year to June 30, 2017, although those accounts were the work of the previous National-led government. Robertson said that while private sector debt is high, with household...

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