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The head of New Zealand’s biggest bank says he’s surprised by the lack of mortgage defaults but expects it will get worse.
00:00 - Intro
01:14 - Sir John Key interview
02:40 - Bank profits & mortgage rates
07:30 - Debt stress
09:45 - Mood of NZ
12:17 - Foreign capital
15:20 - China's economy
17:22 - Key concern & birthday cake
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