Financial Aggregates February 2009

Total credit provided to the private sector by financial intermediaries was flat over February 2009, following a rise of 0.6 per cent over January. Over the year to February, total credit rose by 5.4 per cent.

Over the month of February, M3 increased by 1.5 per cent and broad money rose 1.0 per cent. Over the year to February, broad money grew by 11.2 per cent.

Historical levels and growth rates for the financial aggregates have been revised owing to the resubmission of data by some financial intermediaries, the re-estimation of seasonal factors and the incorporation of securitisation data.

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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