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Growth in private sector credit extension (PSCE) slowed to 3.5% in Oct ’22, down from 4.1% in Sep ’22. However, this is faster than the 2.9% for Oct ’21 and faster than y/y PSCE growth for any month from Apr ’20 until Mar ’22. Private sector credit for the residents (households and businesses) stands at NAD109.6 billion, up just 0.1% m/m.