credit caution

South African privatesector credit demand accelerated in February, denting expectations that the reserve bank would not need to raise interest rates. reserve bank data showed on Friday that private sector credit extension grew 26percent year on year in February, from 25percent in January, clouding the interest rate outlook. The broadly defined M3 measure of money supply grew by an annualised 22,9percent in February, compared with a downwardly revised 22,05percent in January. - Reuters

South African privatesector credit demand accelerated in February, denting expectations that the reserve bank would not need to raise interest rates. reserve bank data showed on Friday that private sector credit extension grew 26percent year on year in February, from 25percent in January, clouding the interest rate outlook. The broadly defined M3 measure of money supply grew by an annualised 22,9percent in February, compared with a downwardly revised 22,05percent in January. - Reuters

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