Kiwis are borrowing less and struggling to pay back their debt as inflation bites, new data shows - Newshub

The number of accounts in arrears is increasing, up 14 percent year on year.

McLaughlin said new lending for mortgages has also recovered to pre-pandemic levels but remains subdued compared to 2021.  "The business sector is also seeing the impacts of inflation and caution ar… [+4290 chars]

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