Credit slow down does not reflect economic uncertainly- Shiimi

December 7, 2017, 6:59pm

Central Bank governor, Iipumbu Shiimi, has disputed that the slow-down in the uptake of private sector credit extension by businesses is reflective of a lingering uncertainty on their party over the economic outlook.

Growth in total credit extended to businesses is on a downward trend, and moderated from 2.4 percent at the end of September 2017 to 2.2 percent at the end of October 2017.