Here's our summary of key economic events over the holiday that affect New Zealand, with another quick news wrap-up so you can get back to 'time-off'. After the sharp fall in the two week Christmas holiday period, American mortgage applications recovered as strongly last week. That would take the 2023 bank debt increase to a massive +¥23 tln (+NZ$5.2 tln) which incidentally is more bank debt issued than the 2023 GDP of countries like the UK. Yesterday, ANZ said 2023 ended with a little momentum in card spending in their monitoring of customer card use. That all means our TWI-5 starts today just under 70.7 and and -20 bps lower from this time yesterday.

Source: Stuff January 10, 2024 21:56 UTC