(Reuters) - Growth in demand for credit by South Africa's private sector quickened to 25.08 percent year-on-year in April, central bank data showed on Thursday, making another interest rate increase next week more likely.
Credit growth accelerated from a downwardly revised 24.09 percent in March while the broadly defined M3 measure of money supply grew by 22.27 percent, above forecasts, compared to 20.02 percent the previous month.
Read more at Reuters Africa
Credit growth accelerated from a downwardly revised 24.09 percent in March while the broadly defined M3 measure of money supply grew by 22.27 percent, above forecasts, compared to 20.02 percent the previous month.
Read more at Reuters Africa
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