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Private sector credit uptake expected to climb past 6% – Windhoek Observer
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Private sector credit uptake expected to climb past 6% – Windhoek Observer
Chamwe Kaira Private sector credit extension (PSCE) growth is expected to exceed 6% year-on-year in the fourth quarter, supported by lower lending rates and improved affordability, according to Simonis Storm Securities analyst Almandro Jansen. “The repo rate has been reduced to 6.50% and commercial banks are expected to lower their prime lending rates further by 12.5 basis points before year-end, easing financing costs across mortgages, overdraft
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