Financial Aggregates September 2003

Total credit provided to the private sector by financial intermediaries rose by 1.4 per cent over September 2003, following a rise of 1.3 per cent over August. Over the year to September, total credit rose by 13.6 per cent.

M3 increased by 0.9 per cent and broad money rose by 0.9 per cent over September. Over the year to September, M3 increased by 12.9 per cent and broad money rose by 11.3 per cent.

All growth rates for the financial aggregates are seasonally adjusted, and adjusted for the effects of breaks in the series as 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.

Enquiries

Media Office
Information Department
Reserve Bank of Australia
SYDNEY

Phone: +61 2 9551 8111
Fax: +61 2 9551 8033
E-mail: rbainfo@rba.gov.au