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Annual growth in resident Private Sector Credit Extension (PSCE) eased to 4.5% in Nov ’25, from 4.7% the month prior, and was slightly below the ’25 average of 4.9%. Both household and business credit growth softened, driving the marginal slowdown. Total resident PSCE rose to NAD121.5bn, with households accounting for 57.8%. In real terms, resident PSCE grew by 1.1%.