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Private sector credit extension (PSCE) growth accelerated to 4.6% in Aug ’22, up from 3.9% in Jul ’22 and the fastest since Mar ’20. Total (resident) private sector credit increased by N$4.8 billion y/y and N$451.9 million m/m to N$109.1 billion. Credit to non-residents increased by N$7.0 billion y/y but was flat m/m.