Financial Aggregates October 2004

Total credit provided to the private sector by financial intermediaries rose by 1.2 per cent in October 2004, following a rise of 0.9 per cent in September. Over the year to October, total credit rose by 13.5 per cent.

M3 increased by 1.0 per cent and broad money increased by 0.4 per cent in October. Over the year to October, M3 rose by 9.5 per cent and broad money increased by 9.3 per cent.

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

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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