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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%.
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