Hirunews Logo
CB%27s+tight+monetary+policy+measures+fruitful
Wednesday, 24 October 2012 - 12:19
CB's tight monetary policy measures fruitful
8

Shares
1,054

Views

The tight monetary policy measures implemented by the Central Bank to moderate private sector credit expansion continued to prove effective and the overall private sector credit growth moderated substantially to 28.7 percent, year-on-year in August, falling below 30 percent for the first time since March 2011.

In absolute terms, the expansion of credit in August was 14 billion rupees compared to the average monthly increase of 51.8 billion rupees in the first quarter of 2012.

Despite the slowdown of credit to the private sector, broad money growth in August was higher than the previous month, reflecting higher public sector borrowing.

Make a Comment
Make a Comment

DOWNLOAD HIRUNEWS APP ON ANDROID & APPLE