In South Africa July credit growth quickens to 8.38 pct y/y

Growth in the broadly defined M3 measure of money supply accelerated to 10.25 percent year-on-year in July from a revised 8.77 percent increase in June.

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An electronic board displaying movements in major indices is seen at Johannesburg stock exchange in Sandton September 23, 2008. REUTERS/Siphiwe Sibeko play An electronic board displaying movements in major indices is seen at Johannesburg stock exchange in Sandton September 23, 2008. REUTERS/Siphiwe Sibeko (Reuters)
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Growth in private sector credit demand in South Africa quickened to 8.38 percent year-on-year in July compared with a revised 8.05 percent in June, central bank data showed on Monday.

Growth in the broadly defined M3 measure of money supply accelerated to 10.25 percent year-on-year in July from a revised 8.77 percent increase in June.

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