ONLY CHARTS #155

NZ housing finance, Aus EBA wages, China steel prices, World IP & goods trade, Fed rate cut expectations

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1. The value of new housing loan commitments in New Zealand rose solidly in July, particularly for housing investors.

2. The value of loan commitments for the purpose of refinancing or top us rose most strongly in July. New loans to buy or build housing also rose but have been little changed in recent months.