Credit extension accelerates in December as corporate demand improves
Private sector credit extension accelerated to 2.6% year on year in December, in line with expectations, from 2.5% growth in November
31 January 2022 - 11:59
UPDATED 31 January 2022 - 15:32
Demand for private sector credit rose for a sixthconsecutive month in December, buoyed by improving demand from SA corporates that have been reluctant to take on debt during the pandemic.
Private sector credit extension rose 2.6% year on year in December, from 2.5% in the prior month, its fastest pace of growth since February, and in line with economists’ expectations. ..
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