By Jessica Stanic · 14 December 2009 · Locked
Rising interest rates take their toll on consumers and businesses, leading to a significant drop in lending commitments. But what does this mean for the economy's future?
Lending commitments down in December Lending commitments fell to an eight-month low in October, as consumers and business felt the pressure of rising interest rates. According to the latest ABS figures, total lending finance commitments – including leases – fell by 9.7 percent to $50.766 billion in October, the lowest amount since the $49.272 billion […]