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Kelly Eckhold: Westpac Chief Economist on lending rates increasing 20% year-on-year

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Manage episode 517574034 series 2098280
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Consumer confidence could be turning around as borrowing rises.

Latest data from credit bureau service Centrix shows residential mortgage and household lending have both increased more than 20% year-on-year.

Personal loan and Buy Now Pay Later applications and business borrowing are also up.

Westpac chief economist Kelly Eckhold told Andrew Dickens we're heading in the right direction, but it's still early days.

He says many of the indicators for growth are still subpar but lower interest rates are starting to flow through.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

4561 episodes

Artwork
iconShare
 
Manage episode 517574034 series 2098280
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Consumer confidence could be turning around as borrowing rises.

Latest data from credit bureau service Centrix shows residential mortgage and household lending have both increased more than 20% year-on-year.

Personal loan and Buy Now Pay Later applications and business borrowing are also up.

Westpac chief economist Kelly Eckhold told Andrew Dickens we're heading in the right direction, but it's still early days.

He says many of the indicators for growth are still subpar but lower interest rates are starting to flow through.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

4561 episodes

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