Credit uptake slows in May as borrowing cost and inflationary pressures persist
Business Reporter THE credit environment remained broadly stable in May 2026, although growth slowed slightly. Private sector credit extension (PSCE) increased marginally by 0.1% month-on-month (m/m) in May, while annual growth eased to 4.3% year-on-year (y/y) from 4.8% y/y in April. This slowdown was driven primarily by weaker corporate borrowing activity, with corporate credit growth ... The post Credit uptake slows in May as borrowing cost and inflationary pressures persist appeared first on
Business Reporter
THE credit environment remained broadly stable in May 2026, although growth slowed slightly.
Private sector credit extension (PSCE) increased marginally by 0.1% month-on-month (m/m) in May, while annual growth eased to 4.3% year-on-year (y/y) from 4.8% y/y in April.
This slowdown was driven primarily by weaker corporate borrowing activity, with corporate credit growth easing to 4.4% y/y in May from 5.5% y/y in the previous month. In contrast, household credit growth remained stable at 4.2% y/y during the month.
