Plenty of data and other releases to cover this week, starting with RBNZ lending data for May. Most interestingly there was a lift in low deposit lending, but Kelvin also picks up on the reduction of interest-only lending as worthy of attention. Full article available too.
The RBNZ's Chief Economist Paul Conway also delivered a speech last week, which Nick and Kelvin briefly discuss, however it has served as more of a reaffirmation of the broader state of the market than anything particularly new.
A Covid-battling Kelvin then runs through all the economic data releases from the week - Filled jobs (look good), building consents (holding up, but we're weary of them) and business and consumer confidence (pretty bad).
Nick then references the latest from Trade Me's release of their rental data showing the first signs of potential weakness in that market - not good news for landlords.
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