New Zealand Household Lending Growth Accelerates In November

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Lending to New Zealand's households increased in November at the fastest annual pace since February, data released by the Reserve Bank of New Zealand showed Wednesday.

Household lending rose 2.8% year-on-year in November after a 2.6% increase in October. On a monthly basis, household lending grew 0.2% following 0.3% rise in the previous month.

Lending to housing grew 3.4% year-on-year, while lending to consumers fell 5%.

Lending to New Zealand's households increased in November at the fastest annual pace since February, data released by the Reserve Bank of New Zealand showed Wednesday. (Market News Provided by RTTNews)