Credit: Private sector growth rebounds

2008-06-30 00:00

Although private sector credit extension in May 2008 rebounded somewhat to 19,7% year on year (y-y) after a slow April, a deeper look at the figures reveals that overall borrowing remains under immense pressure.

Economists are in agreement that these are clear signs that consumers have responded to the recent interest rate hikes. publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

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