Financial Aggregates May 2003

Release date: 30 June 2003

Total credit provided to the private sector by financial intermediaries rose by 0.8 per cent over May 2003, following a rise of 1.3 per cent over April. Over the year to May, total credit rose by 12.8 per cent.

M3 increased by 1.3 per cent and broad money rose by 1.4 per cent over May. Over the year to May, M3 increased by 11.6 per cent and broad money rose by 11.9 per cent.

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.

Historical levels and growth rates for the financial aggregates have been revised owing to the resubmission of data by financial intermediaries.

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