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6 months ago

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New Zealand central bank says defaults in agricultural lending portfolios to rise

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New Zealand central bank says defaults in agricultural lending portfolios to rise

The Reserve Bank of New Zealand said on Thursday defaults in banks' agricultural lending portfolios were expected to increase as the sector faces tough economic conditions due to low prices, high operating expenses and increased debt servicing costs.

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New Zealand central bank says defaults in agricultural lending portfolios to rise

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New Zealand central bank says defaults in agricultural lending portfolios to rise

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