EPOC Chairman Keith Duncan
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Loans going to the private sector have increased.
Keith Duncan, Chairman of the Economic Programme Oversight Committee (EPOC), says more credit was extended to businesses by deposit-taking institutions up to November 2022 compared with the previous year.
"We're at 11.8 per cent, and that's higher as at the end of November 2022 in terms of growth in loans advanced by deposit-taking institutions, which was higher than 7.9 per cent as at November 2021, but lower than prior to COVID at 16.5 per cent. So we're trending in the right directions," Mr. Duncan reported.
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