insert_link Business / Economics Private sector credit growth slows Private sector credit extension experienced a sluggish of 1.3% year-on-year in March, reflecting a slowdown from February’s 1.7% year-on-year and a sharp decline from the 3.9% observed in March 2023. This represents the slowest pace of PSCE growth in the last decade. For the first quarter of 2024, the average annual credit growth further softened to 1.8% year-on-year, compared to 3.2% year-on-year in the same quarter of the previous year. […] todayMay 7, 2024 28
insert_link Business / Economics Private Sector credit declines in February 2024 Private sector credit extension decreased in February 2024 to 1.7% year-on-year down from 2.4% year-on-year in January 2024 and 3.1% year-on-year in February 2023. The trend reflects a continued slowdown in credit uptake, with growth consistently falling below the six-month moving average. Households were the main contributors to the credit uptake. Simonis Storm Economist, Halleluya Ndimulunde. todayApril 4, 2024 62
