RTTNews - Wednesday, the South African Reserve Bank announced that the M3 money supply increased 6.04% year-over-year in June, slower than the 7.86% growth in the previous month. Economists were looking for an increase of 6.8%.
At the same time, the M2 money supply growth eased to 4.86% from 7.74% in May. The M1 money supply increased 1.44%, compared to the 3.53% in May.
Meanwhile, claims on the domestic private sector or PSCE grew 3.98% annually in June, slower than the 5.7% growth in the preceding month. Economists had expected an increase of 4.45%.
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