Growth in demand for credit by South Africa's private sector quickened to 24,92% year-on-year in June, data showed on Tuesday, hardening the case for another interest rate increase next month.
The Reserve Bank said credit demand growth was a touch faster than May's 24,84% increase, while during the same period, the broadly defined M3 measure of money supply grew by 23,35% compared to 22,67% the previous month.
31 July 2007
Rate Hike One The Way
SA credit growth quickens, rate hike looms
16 July 2007
Thank You Telkom
Well it took over two weeks but eventually Telkom reconnected my ADSL. We'll be back in action shortly.
Subscribe to:
Posts (Atom)