Credit growth drops to its lowest in at least four years
While the government is distracted by elections, the financial economy will suffer
Interventions must involve fiscal policy to address our fundamental economic issues
Interventions must involve fiscal policy to address our fundamental economic issues
Specific policy incentives are needed to stimulate the economy and revive the labour market.
Private sector credit growth dropped to an 18-month low of 15.87 percent in July, as banks have adopted a “go slow” policy for loan disbursement to comply with the central bank's newly set loan-deposit ratio.
