Rise in private sector credit demand tops forecasts
January’s 8.4% year-on-year rise overshoots 7.5% after growth slows for three months running
28 February 2023 - 11:30
UPDATED 28 February 2023 - 22:50
Private sector credit demand logged its 19th successive month of growth in January, rising well above market expectations and at the fastest pace in three months, the latest Reserve Bank data shows.
After three successive months of slowing growth, Bank data released on Tuesday shows that private sector credit accelerated 8.4% year on year in January, topping a Thomson Reuters consensus of 7.5%...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.