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14 Aug 2022 7:16
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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
    The established midfielders in the Wellington Lions squad are happy to have a youngster providing competition for their starting spots More...


    BUSINESS BUSINESS
    A milestone birthday for our Interislander ferry service More...



     Today's News

    Christchurch:
    Police are seeking sightings of a white van involved in a hit and run in Christchurch 4:48

    International:
    Taiwan's foreign ministry thanks the United States for taking 'concrete actions' in the Taiwan Strait 4:28

    Auckland:
    One end of a street in Auckland's Point Chevalier has been submerged as water burst from the ground 21:49

    Politics:
    Schools across New Zealand are struggling to fill teacher positions in nearly every subject 18:59

    Rugby:
    The established midfielders in the Wellington Lions squad are happy to have a youngster providing competition for their starting spots 18:39

    Law and Order:
    Salman Rushdie, the Booker Prize-winning author and fierce critic of religion with a bounty on his head 18:09

    Rugby:
    The Springboks are relishing the chance to unleash their World Cup winning loose forward trio to dish out further torment for the All Blacks 18:09

    Accident and Emergency:
    The pilot and passenger of a light aircraft have survived a plane crash in the Nelson Lakes region 17:39

    Politics:
    A new partnership has been agreed between by iwi and four maori health providers 17:29

    Rugby:
    Belief from the Springboks camp that Richie Mo'unga's inclusion at first five bolsters the All Blacks for tomorrow morning's second test 16:19


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