News | Business
19 Aug 2022 14:58
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    Credit demand is softening, as interest rates increase

    Credit demand is softening, as interest rates increase


    The Centrix credit indicator for June, shows consumer credit demand has fallen by 33 percent compared to the same time last year.

    Business credit demand fell 13 percent, over the same time period.

    Centrix says last year, the market was on fire because of high lending and low interest rates.

    It says lending demand is back down to 2019 levels, and the peak is over.

    © 2022 Newstalk ZB, NZCity

     Other Business News
     19 Aug: The country's largest bank is lifting its floating home rate, following the latest hike to the Official Cash Rate
     19 Aug: Any supporter hopes that Manchester United's American owners, the Glazer family, might sell could be false
     19 Aug: Auckland Transport's making changes to ferry services
     18 Aug: Australian baby goods retailer Baby Bunting is planning expanding in New Zealand
     18 Aug: Auckland Airport's profit is yet to take off again
     18 Aug: Funding to ensure new buildings in the capital are up to scratch when it comes to the environment
     18 Aug: Campaigners are calling for a solution to New Zealand's persistent gender pay gap
     Top Stories

    RUGBY RUGBY
    Has the All Blacks' messiah arrived in time to win next year's World Cup? 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:
    Prince Charles believes he is nothing like his portrayal on 'The Crown', a senior politician has claimed 14:42

    Politics:
    Lami locals voice concern over Australian-funded Fiji defence facility being built in residential area 14:29

    Entertainment:
    Britney Spears is said to be lining up a tell-all interview with Oprah Winfrey 14:12

    Business:
    The country's largest bank is lifting its floating home rate, following the latest hike to the Official Cash Rate 14:09

    Environment:
    Anteater rescued from wildfires ravaging protected areas in Bolivia 14:09

    Christchurch:
    A main road into Christchurch remains closed following a serious crash 13:59

    Soccer:
    Organisers have sold 2.45 million tickets so far for this year's FIFA men's World Cup in Qatar 13:49

    Entertainment:
    The Academy of Motion Picture Arts and Sciences has said sorry to Sacheen Littlefeather after she was booed while making a speech at the 1973 Oscars 13:42

    Law and Order:
    Bali bombmaker Umar Patek has sentence reduced, Anthony Albanese confirms 13:39

    Environment:
    Farms and dairy sheds are inundated with water as heavy rain pours over the upper South Island 13:28


     News Search






    Power Search


    © 2022 New Zealand City Ltd