South Africa's money supply growth eased further in July, figures from the South African Reserve Bank showed Wednesday.
The broad money supply, or M3, rose at a slower pace of 4.41 percent year-over-year in July, following a 5.7 percent climb in June, which was revised down from a 5.88 percent increase reported initially.
Economists had expected a 5.73 percent rise for July.
Similarly, the annual growth in the narrow measure, or M1, moderated to 7.78 percent in July from 9.49 percent in the preceding month.
The intermediate money supply, M2, also grew at a weaker pace of 3.3 percent annually in July, following a 4.6 percent gain a month ago.
Data also showed that private sector credit in the domestic economy increased at a slower pace of 6.78 percent yearly in July, after a 7.23 percent spike in June. The expected rate of rise for the month was 6.9 percent.
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