Rare drop in bank lending from weak demand
Kia ora,
Welcome to Thursday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.
I'm David Chaston and this is the international edition from Interest.co.nz.
And today we lead with news of a rare drop in bank lending in China from weak demand.
But first up today, we need to report that "due to a technical issue", yesterday's GDT Pulse Auction was cancelled prior to its completion.
Meanwhile in the US, and boosted by a very sharp surge in refinance activity, mortgage applications were up more than +10% last week from the week earlier. Refi clients…
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