The pandemic isn't over, yet the direction of debt is downwards. If you take the rate of change, I guess it slowed its descent about 2015, which happens to be

The pandemic isn't over, yet the direction of debt is downwards. If you take the rate of change, I guess it slowed its descent about 2015, which happens to be when rates were increased from 0.25%. Seems that increasing rates causes the rate-of-change of debt to increase But that's by the point. Your claim was > Is the volume of personal credit not absolutely exploding right now because of the real estate boom? Well not according to the graphs you provided. Q2 2021 debt was 77.7%, down 0.9pp on Q1 2021.