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Johannesburg - Growth in credit demand by South Africa's private sector fell to 7.88% year-on-year in February, compared with an unrevised 8.64% rise in January, Reserve Bank data showed on Thursday.
Expansion in the broadly defined M3 measure of money supply climbed to 7.71% year-on-year in February, from an unrevised 6.75% the previous month.
Economists surveyed by Reuters forecast year-on-year private sector credit growth of 8% in February and a 7.2% rise in money supply.
George Glynos managing director at ETM said: "We are anticipating a softening bias in the growth rate for credit over the next three to six months as the effects of higher inflation and a slower growing economy make their presence felt. Today's numbers are the kind that will make the central bank comfortable with leaving rates unchanged."
The rand was unchanged at R9.2533 against the dollar at 06:13 GMT.
The yield on the 2026 bond was at 7.415 percent from 7.45% before the data was released at 06:00 GMT, while that for the 2015 paper fell to 5.485% from 5.515%.
