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17 Aug 2022 17:23
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  •   Home > News > Business

    A lack of consumer confidence is taking a bite out of demand for credit

    A lack of consumer confidence is taking a bite out of demand for credit


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

    Correspondingly, it means missed home loan payments are also down.

    Managing Director Keith McLaughlin says there's a major factor at play.

    He says if people don't have confidence in their ability to repay a loan, they won't borrow it.

    © 2022 Newstalk ZB, NZCity

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     Top Stories

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    New Zealand Rugby boss Mark Robinson is adamant they've made the right call in endorsing Ian Foster through to the World Cup More...


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     Today's News

    Rugby:
    New Zealand Rugby boss Mark Robinson is adamant they've made the right call in endorsing Ian Foster through to the World Cup 17:09

    Entertainment:
    Louise Redknapp wants a boyfriend to "have fun with" 16:42

    Business:
    The Reserve Bank's warning interest rates will keep rising 16:39

    Law and Order:
    A prison officer charged after allegedly pepper spraying an inmate who then died, has kept his name secret -- for now 16:19

    Politics:
    Questions over whether Scott Morrison was involved in delaying release of new energy price until after election 16:19

    Entertainment:
    Madonna has posted a series of racy snaps and asked her fans to send her birthday presents 16:12

    International:
    Republican congresswoman Liz Cheney concedes defeat to candidate backed by Donald Trump 16:09

    Entertainment:
    Adele's decision to postponed her Las Vegas residency was the "worst moment" in her entire career 15:42

    Rugby:
    Black Ferns flanker Alana Bremner doesn't have to look far for inspiration should she be named to play in Saturday's test against Australia in Christchurch 15:29

    Entertainment:
    Rachel Stevens cried her eyes out watching her 11-year-old daughter Amelie make her West End debut 15:12


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