South Africa's broad money supply increased at a faster pace in May, contrary to economists expectation for a slowdown, data released by the South African Reserve Bank showed Friday.
The M3, or broad money supply, increased 6.45 percent year-on-year in May, following the previous month's 6.15 percent gain. Economists were looking for a 6.15 percent increase.
The intermediate, or M2, money supply rose 6.91 percent annually during the month, after increasing 7.25 percent in April. The M1, or narrow money grew at a notably faster rate of 8.56 percent in May than 5.29 percent in April.
South Africa's private sector credit advanced 8.31 percent year-on-year in May, faster than the 7.33 percent rise seen in April. Economists expected an 8 percent increase.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.