"This downtrend will lead to severe consequences if it is not reversed"
Credit appetite of the local private firms continues to fizzle out as the ongoing battle against inflation makes bank borrowing more expensive amid a volatile political climate after the August political changeover.
Private sector credit growth decelerated to its slowest pace in at least 11 years due to uncertainty in the investment environment following the recent political changeover.
"This downtrend will lead to severe consequences if it is not reversed"
Credit appetite of the local private firms continues to fizzle out as the ongoing battle against inflation makes bank borrowing more expensive amid a volatile political climate after the August political changeover.
Private sector credit growth decelerated to its slowest pace in at least 11 years due to uncertainty in the investment environment following the recent political changeover.
