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19 Aug 2022 19:34
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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.

    © 2022 Newstalk ZB, NZCity

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     Top Stories

    RUGBY RUGBY
    Tasman will fly out on game day for their Bunnings NPC match against North Harbour at Albany Stadium More...


    BUSINESS BUSINESS
    The country's largest bank is lifting its floating home rate, following the latest hike to the Official Cash Rate More...



     Today's News

    Entertainment:
    Christine Quinn isn't coming back to 'Selling Sunset', according to sources 19:12

    Motoring:
    In Wellington ...A section of Onslow Road in Khandallah has re-opened to traffic at a slower speed limit after it was closed due to a large slip 18:59

    Law and Order:
    Bali bombmaker Umar Patek has sentence reduced, Anthony Albanese confirms 18:49

    Entertainment:
    Anne Heche's death has been ruled as an accident 18:42

    Living & Travel:
    Tasman will fly out on game day for their Bunnings NPC match against North Harbour at Albany Stadium 18:39

    International:
    Apple security flaw could allow hackers to control people's iPhones. Experts says users should update their software now 18:19

    Entertainment:
    Savannah Guthrie says she bonds with Hoda Kotb by both being "older moms" 18:12

    Rugby League:
    They won last time out against the Bulldogs - but the Warriors face a far tougher test tonight in Townsville, taking on the second-placed Cowboys 18:09

    Entertainment:
    Olivia Wilde and Jason Sudeikis don't "speak directly to one another" 17:42

    Rugby League:
    It's a big ask for the Warriors to back up tonight in Townsville, after their biggest win of the NRL season last weekend in Auckland 17:29


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