SA private sector credit growth beats expectations
The steep rise in interest rates since January is expected to subdue the demand for household credit
29 July 2022 - 13:24
SA’s private sector credit grew in June, marking the 12th consecutive month of increases, the SA Reserve Bank said on Friday.
The Bank’s report shows that private sector credit extension grew by 7.53% year on year in June, beating Bloomberg’s median estimate of 5.86%. The increase follows 5.34% growth a month earlier and is the strongest pace since March 2020...
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