Financial Aggregates May 2002

Credit provided to the private sector by financial intermediaries rose by 0.7 per cent in May, in seasonally adjusted terms, following a rise of 1.6 per cent in April. Total credit rose by 9.3 per cent over the year to May.

In seasonally adjusted terms M3 rose by 0.4 per cent and broad money rose by 0.1 per cent in May. Over the year to May, M3 rose by 14.9 per cent and broad money rose by 11.3 per cent.

The April growth rates for the credit and monetary aggregates have been revised due to resubmissions of data by banks.

Growth rates are reported after adjusting for the effects of the breaks in series recorded in the footnotes to tables. Figures showing the levels of financial aggregates are not adjusted for series breaks.


Media Office
Information Department
Reserve Bank of Australia

Phone: +61 2 9551 9720
Fax: +61 2 9551 8033