Spending to ‘slow significantly’ as mortgage repayments rise: AMP

While accumulated household savings are helping cushion impact of high rates, consumer spending is set to slow as borrowers approach record-high mortgage repayments. Over the next 12 months, consumer spending is set to “slow significantly” as excess savings dwindle and mortgage repayments climb to record highs, AMP deputy chief economist Diana Mousina said in the Econosights […]

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