Rising interest rates are curbing consumer demand not only for home loans but also personal and commercial loans.
Compared to February, personal finance commitments fell in March by 11.5 per cent to $6.527 billion, seasonally adjusted, data released today by the ABS revealed.
Commercial finance commitments also decreased in March by 11.1 per cent, seasonally adjusted, to hit $40.300 billion.
Leasing finance was impacted less, falling 1.5 per cent to $585 million, seasonally adjusted.
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