Keith McLaughlin: Centrix data shows lending demand in June was lower for commercial and business sectors
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 told Mike Hosking 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.
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