NZ banks' credit losses to rise to 12x 2019 level - S&P
By Jenny Ruth | Fri, 10 Jul 2020
New Zealand banks' credit losses will rise to about 12 times those in 2019 before easing because of the coronavirus crisis, according to international ratings agency Standard & Poor's. "A contracti...
NZ consumers still opening their wallets; govt's cut beats forecast
By Rebecca Howard | Fri, 10 Jul 2020
A solid jump in retail spending and higher-than-forecast sales tax revenue point to consumers being in good heart. Seasonally adjusted retail card spending jumped 16.3 percent in June compared to M...