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June credit growth slows

Aug 31 2016 10:16

Johannesburg - Growth in credit demand by the private sector slowed to 6.78% year-on-year (y/y) in July from a revised 7.23% in June, Reserve Bank data showed on Wednesday.

Expansion in the broadly defined M3 measure of money supply also braked to 4.41% y/y in July, from a revised 5.7% in June.

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credit growth  |  economy
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