• Over the next week, a large number of second-tier releases are due both here and overseas.  For NZ there is little key data heading towards the December Monetary Policy Statement.
• From the RBNZ’s narrow perspective credit growth has been happening in the areas it would prefer not to see strong growth occurring in, namely household and agriculture.
• The RBNZ would be concerned if household credit growth started to take off, saying in its October statement that "the current composition of [housing-led] growth continues to raise questions about its sustainability.  These concerns would intensify if credit growth began to propel stronger domestic demand.”

Read the full PDF report.

In order to read these documents you will need to have Adobe Acrobat Reader. If you do not have this software installed on your computer, please click on the Adobe link below to download it. (The software is free of charge).