Financial Aggregates June 2002

Release date: 31 July 2002

Credit provided to the private sector by financial intermediaries rose by 1.4 per cent in June, in seasonally adjusted terms, following a rise of 0.6 per cent in May. Total credit rose by 9.8 per cent over the year to June.

In seasonally adjusted terms M3 fell by 1.0 per cent and broad money fell by 0.6 per cent in June. Over the year to June, M3 increased by 12.3 per cent and broad money rose by 9.7 per cent.

Growth rates for the credit and monetary aggregates in April and May have been revised due to resubmissions of data by AFIs.

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.

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