Tuesday, January 30, 2007

Rate hike 'less likely'

Growth in demand for credit by South Africa's private sector slowed to 25.81% in the year to December from 26.77% in the year to November, official data showed on Tuesday.

During the same period, the broadly defined M3 measure of money supply grew by 21.93%, also lower than forecasts, from November's 25.33%.

Read Full Article at FIN24.co.za

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