Private sector credit growth declines

Private credit growth hits 23-month low

Private sector credit growth has slowed in recent months with banks and borrowers adopting a go-slow strategy amidst economic stress and growing apprehensions of a political crisis centring the upcoming parliamentary elections in January.

November 2, 2023
November 2, 2023

Private credit growth hits 23-month low

Private sector credit growth has slowed in recent months with banks and borrowers adopting a go-slow strategy amidst economic stress and growing apprehensions of a political crisis centring the upcoming parliamentary elections in January.