MPC Press Release

MPC Press Release – May 2019

Private sector credit growth continued to gain traction as banking sector liquidity improved supported by the recapitalization exercise. Annual growth in private sector credit was up by 19.8 percent in April 2019, compared with 5.6 percent growth in the same period of 2018. On a year-to-date basis, private sector credit recorded a 5.1 percent growth in April 2019, compared with a contraction of 4.0 percent last year. In real terms, private sector credit expanded by 9.4 percent.

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