Mortgage applications fall by more than a quarter
Mortgage applications have fallen by more than a quarter as rising interest rates and inflationary pressure takes a toll on households.
Source: rnz.co.nz
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Credit data shows consumers hit by rising prices and interest rates
Omicron-generated disruptions and nervousness along with rising prices and interest rates are taking a bigger toll on consumers, but there signs of an improvement for business.
Source: rnz.co.nz
Montel Williams partners with Taunton pot company to create new cannabis brand
Montel Williams has created a new cannabis brand called Inspire by Montel with the help of Taunton's own Freshly Baked Company.
Source: boston.com
Fewer consumers seeking credit as economic uncertainty bites
With borrowers feeling the pinch, consumer credit demand is down 9 percent in the year to March, and mortgage applications fell 19 percent, data from Centrix shows.
Source: rnz.co.nz
Credit approvals continue to be hit by changes to rules - Centrix
The latest credit data from Centrix shows lending had become more restrictive since changes to the Credit Contracts and Consumer Finance Act (CCCFA) came into effect in December, as the number of approvals fell again in February.
Source: rnz.co.nz