20 Nov 2010

Credit card billings up

12:33 am on 20 November 2010

Credit card billings rose for the third consecutive month in October, although the rate of growth has slowed.

The Reserve Bank says total billings rose a seasonally adjusted 0.6% in October, after a 0.9% rise in September.

Billings were 4.6% higher than they were at this time last year, the highest annual rate since March.