Borrowing surge will worry Reserve Bank
Farm borrowing is up $3.5 billiion since the start of the year.
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Hawke’s Bay
Borrowing is on the rise across all sectors, with farming leading the way.
New borrowing rose 6.6% for the year to July – the first time it has risen above 6% since the year to January 2009.
Farm borrowing is the big rise, up 7.9%, reflecting the dairy downturn which is starting to wash through
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Borrowing surge will worry Reserve Bank
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