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3 Jul 2025 8:45
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  •   Home > News > Business

    The number of people wanting to borrow money is expected to keep falling

    The number of people wanting to borrow money is expected to keep falling


    Centrix data shows lending demand in June was lower for the commercial and business sectors.

    At the same time as the drop in lending, financial hardship and missed home loan payments are also down.

    Managing Director Keith McLaughlin says it's the start of a tightening of the economy.

    He says if economic indicators continue the way they are -- we could see three to six months of increased arrears and low lending.

    © 2025 Newstalk ZB, NZCity

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     Today's News

    Basketball:
    The Junior Tall Blacks have advanced to the last eight of the under-19 basketball World Cup for the first time 8:37

    Entertainment:
    Cory Monteith's parents have died within weeks of each other 8:36

    Law and Order:
    Sean 'Diddy' Combs found not guilty of sex trafficking and racketeering but guilty of transport for prostitution 8:27

    Business:
    A clear message from the Government -- New Zealand can't succeed, if Auckland doesn't succeed 8:17

    Business:
    Bosses at some state-owned enterprises are continuing to be rewarded pay increases, while their companies' profitability tanks 8:07

    Entertainment:
    Suzanne Somers' husband "missed dating" after her death 8:06

    International:
    Genome of ancient Egyptian entombed 5,000 years ago sequenced for the first time 7:57

    Politics:
    The Minister for Children's 41-million dollar workforce investment is expected to train and retain youth care staff 7:57

    Law and Order:
    Police are still piecing together what happened to a newborn baby, found dead in a wheelie bin in Auckland on Tuesday night 7:47

    Environment:
    People are already leaving their homes at the top of the South Island, as the flood-hit region faces another round of heavy rain 7:47


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