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29 Mar 2024 7:06
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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.

    © 2024 Newstalk ZB, NZCity

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     Today's News

    Entertainment:
    Bill Nighy thinks he could deliver a baby via caesarean section 6:53

    Law and Order:
    Police enquires are continuing in Auckland's Brown's Bay this morning after a person died after an incident at a sushi restaurant 6:27

    Entertainment:
    Paris Hilton created a "Barbie doll perfect life" persona as a "trauma response" to the alleged abuse she suffered at school 6:23

    Business:
    Another pay offer is on the table for Police - after union members labelled the last one insulting 5:17

    Entertainment:
    Lily Allen was introduced to Mila Kunis and Ashton Kutcher as Rita Ora - and was too mortified to disclose who she really was 21:53

    Entertainment:
    Mel B's fiance visited her father's grave to "ask permission" to propose to her 21:23

    Accident and Emergency:
    State Highway 6 is blocked by a serious crash, South of Lake Paringa in the South Island's Tasman region 21:17

    Accident and Emergency:
    State Highway One is has now reopened between Kaikoura and Riverlands - after a two-vehicle collision at Kekerengu, north of Kaikoura, this morning 21:17

    International:
    Shopper swallowed as shopping mall floor collapses in eastern China 21:07

    Entertainment:
    Kris Jenner won't spend quality one-on-one time with her grandchildren because it would cost her too much time and money 20:53


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