Private sector credit extension/Inflation slows international reserve stock tick up

December 4, 2017, 5:44pm

The Bank of Namibia has announced that growth in private sector credit extension (PSCE) continued to slowdown at the end of October 2017 while reserves increased to N$31.6 billion from N$31.4 billion.

The slower demand for credit from both the household and corporate sectors continued to drive the sluggish growth in PSCE.

Annual growth in PSCE slowed from 5.4 percent at the end of September 2017 to 5.2 percent at the end of October 2017.

In nominal terms, PSCE stood at N$88.5 billion.