Financial Aggregates December 2002

Total credit provided to the private sector by financial intermediaries rose by 0.5 per cent over December, following a rise of 0.9 per cent over November. Over the year to December, total credit rose by 11.2 per cent.

M3 increased by 1.9 per cent and broad money rose by 1.6 per cent over December. Over the year to December, M3 increased by 10.6 per cent and broad money rose by 9.0 per cent.

Growth rates for the credit aggregates in November have been revised due to resubmissions of data by financial intermediaries.

All growth rates for the financial aggregates are reported seasonally adjusted, and adjusted for the effects of the breaks in series recorded in the footnotes to tables. Figures showing the levels of financial aggregates are not adjusted for series breaks.

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