CANBERRA, Australia (AP) - Rising interest rates have curbed the appetite of companies and consumers to borrow money, according to official data Wednesday which added to growing evidence the Australian economy will slow slightly in 2004.
According to a monthly report on finance lending issued by the Australian Bureau of Statistics commercial borrowing slumped by 18.3 percent in November from October while personal lending which excludes home mortgages fell 0.4 percent.
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