Financial Aggregates March 2011

Release date: 29 April 2011

Total credit provided to the private sector by financial intermediaries rose by 0.6 per cent over March 2011, after rising by 0.6 per cent over February. Over the year to March, total credit rose by 3.6 per cent.

Housing credit increased by 0.4 per cent over March, following an increase of 0.5 per cent over February. Over the year to March, housing credit rose by 6.6 per cent.

Other personal credit rose by 0.6 per cent over March, after rising by 0.2 per cent over February. Over the year to March, other personal credit increased by 1.0 per cent.

Business credit rose by 1.0 per cent over March, after rising by 0.8 per cent over February. Over the year to March, business credit declined by 0.6 per cent.

Over the month of March, M3 rose by 0.8 per cent and broad money increased by 0.6 per cent. Over the year to March, broad money grew by 7.6 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 some financial intermediaries, the re-estimation of seasonal factors and the incorporation of securitisation data.