RTTNews - Demand for credits by South Africa's private sector rose at a slower annual pace of 5.7% in May, compared to a revised increase of 8.4% in April, data from the central bank showed Tuesday. It was considerably below the expected increase of 8.05%.
The central bank also said the M3 money supply annual growth eased to 7.31% in May from a revised 8.49% in April. That was also below the expected growth of 8.25%.
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