accelerates

Bank credit grew by 8.4% in the quarter ending December 2021 and 17.2% in the quarter ending September 2022, according to the data. Credit growth was led by bank branches in metropolitan centres, which accounted for nearly…

The consumer price index (CPI) was 1.8% higher than a year earlier, rising faster than the 1.6% annual gain seen in November, data from the National Bureau of Statistics (NBS) showed on Thursday. The result matched a Reuters poll estimate…

The increase from 18.7% in November followed a currency devaluation in October and restrictions on imports. It is likely to increase pressure on the central bank's Monetary Policy Committee to raise interest rates when it next meets on…