South Africa: Credit and Money Supply Growth Slow

Johannesburg — Private Sector Credit Extension (PSCE) growth slowed to 19,81% year-on-year in July, the SA Reserve Bank said on Friday.

Growth slowed from an upwardly revised 20,39% in June. The central bank added that M3 money supply growth slackened to 18.50% for July from 20,28% in June.

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