30 Mar 2010

Household borrowing up

7:40 pm on 30 March 2010

Household borrowing edged up slightly in February, as a rise in mortgages offset lower consumer-related credit.

The Reserve Bank says seasonally adjusted total household borrowing rose by 0.1% to $180 billion, compared with the previous month.

Compared with a year earlier, total borrowing increased 2.7%.