Fewer consumers seeking credit as economic uncertainty bites - RNZ

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.

Low consumer confidence and tight lending criteria are continuing to dent demand for credit, and the recent easing of lending rules is unlikely to bring about immediate change. Consumer credit deman… [+1719 chars]

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