Loan Growth YoY measures the annual percentage change in the total outstanding balance of loans provided by the banking sector to the economy. It is a critical barometer of credit availability and the effectiveness of a central bank's monetary policy transmission. Robust loan growth typically indicates strong business confidence and consumer spending, which supports economic expansion. Conversely, a slowdown in loan growth can signal tightening credit conditions or weakening domestic demand.
Calculated by comparing the total stock of outstanding bank loans at the end of the current month to the same month of the previous year. The data is typically aggregated from commercial bank balance sheets by the central bank.
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