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14 Aug 2022 6:03
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  •   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

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     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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