This will bolster the New Zealand government view of tightening lending of housing in the country.
Housing lending rose 1% m/m, the most on record (since 1998)
- up 7.3% y/y
Meanwhile lending for:
- business -0.5% m/m, -3.1% y/y
- consumer l-11.2% y/y
NZD is up on the session but at its lows of its pullback: