A central bank study has revealed a pattern of credit booms preceding economic downturns over the past three decades. Researchers identified significant lending surges between 1994-96, 2008-10, and 2020-22. Each period of rapid credit expansion was consistently followed by a slowdown in economic growth. Furthermore, these booms correlated with increasing external deficits and a subsequent tightening of credit conditions. The findings suggest a cyclical link between excessive lending and economic vulnerability. This analysis highlights the importance of monitoring credit growth to proactively mitigate potential financial risks. The study underscores the need for vigilance regarding lending practices to prevent future economic instability.