Financial Aggregates January 2003

Release date: 28 February 2003

Total credit provided to the private sector by financial intermediaries rose by 1.0 per cent over January 2003, following a rise of 0.8 per cent over December 2002.  Over the year to January, total credit rose by 11.9 per cent.

M3 increased by 1.4 per cent and broad money rose by 0.8 per cent over January. Over the year to January, M3 increased by 10.4 per cent and broad money rose by 8.9 per cent.

Growth rates for the financial aggregates for December have been revised pending the resubmission of data by financial intermediaries.

All growth rates for the financial aggregates are 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.

Enquiries

Media Office
Information Department
Reserve Bank of Australia
SYDNEY

Phone: +61 2 9551 9720
Fax: +61 2 9551 8033
E-mail: rbainfo@rba.gov.au