Financial Aggregates October 2003

Release date: 28 November 2003

Total credit provided to the private sector by financial intermediaries rose by 1.6 per cent over October 2003, following a rise of 1.4 per cent over September. Over the year to October, total credit rose by 14.7 per cent.

M3 increased by 0.9 per cent and broad money rose by 0.4 per cent over October. Over the year to October, M3 increased by 13.2 per cent and broad money rose by 11.9 per cent.

Historical levels and growth rates for the financial aggregates have been revised from November 2002, owing to the resubmission of data by financial intermediaries and the exclusion of a number of registered financial corporations from the sample.

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.

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