Financial Aggregates May 2006

Total credit provided to the private sector by financial intermediaries rose by 1.1 per cent over May 2006, following a rise of 1.3 per cent over April. For the year to May, total credit rose by 14.1 per cent.

Over the month of May, M3 grew by 0.4 per cent and broad money by 0.5 per cent. Over the year to May, broad money rose 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 and the receipt of quarterly data from the ABS.

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.

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