Private sector credit rises to K421 billion | The Times Group: Credit to the private sector increased for a third consecutive month in May 2018, as it grew by K15 billion to K421.1 billion, figures from the Reserve Bank of Malawi (RBM) have shown.
During the corresponding month in 2017, credit to the private sector had declined by K882.1 million.
“The picking up of private sector credit partly reflects the declining path of interest rates in the country and a seasonal increase in economic activities associated with the harvest season,” says RBM in it’s recent Monthly Economic Review.
During the corresponding month in 2017, credit to the private sector had declined by K882.1 million.
“The picking up of private sector credit partly reflects the declining path of interest rates in the country and a seasonal increase in economic activities associated with the harvest season,” says RBM in it’s recent Monthly Economic Review.
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