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At Least Someone In Nz Has Something Sensible To Say

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Key points from DR Bollard, Reserve Bank Governor...

"A premature rebound in household spending could jeopardise the next expansion. There is a risk people see the current stabilising of the housing market as a sign of another house price boom and a reason to borrow and spend up large again. We do not believe that would be sustainable. Investors who rely on this could get hurt. And they could make it harder for businesses to invest in the export-led recovery we need."

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