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Annual growth in resident Private Sector Credit Extension (PSCE) came to 2.1% at the end of Aug ‘24, up from 1.8% recorded at the end of July. Monthly increases were seen in all business and household categories, except for household mortgage credit due to a decline in farm mortgage loans. The international reserve position declined by 2.5% (NAD1.5bn) m/m due to CFC withdrawals tied to oil and gas activities, translating to an import cover of 4.0 months.