How low rates are working their magic on debt

Low interest rates have pushed lending activity higher, but with many firms still choosing to deleverage and refinance rather than take on more risk, the country's debt burden is unlikely to expand rapidly.

Lending activity is on the rise due to historically low lending rates, but it remains well below its previous peak. Some firms are taking advantage of new investment opportunities but for many, low interest rates provide an opportunity to deleverage and refinance.

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