SA’s January credit growth slows to 3.26% y/y

Growth in private sector credit in South Africa slowed to 3.26% year on year in January from 3.55% in December, central bank data showed on Friday.

Expansion in the broadly defined M3 measure of money supply also fell, to 9.15% in January from 9.48% the previous month.

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Source: moneyweb.co.za