High interest rates cause slump in borrowing
| Source: | Lateline Business |
|---|---|
| Published: | Monday, August 11, 2008 9:34 AEST |
| Expires: | Sunday, November 9, 2008 9:34 AEST |
Home borrowing dropped 1.1 per cent after a slight increase in may. The only glimmer of hope was a slight rebound in the personal finance figures. they rose 5.8 per cent, although the trend was still down.
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