Financial Aggregates January 2004

Release date: 27 February 2004

Total credit provided to the private sector by financial intermediaries rose by 1.3 per cent over January 2004, following a rise of 1.3 per cent over December 2003. Over the year to January, total credit rose by 15.7 per cent.

Both M3 and broad money increased by 1.1 per cent over January. Over the year to January, M3 increased by 13.8 per cent and broad money rose by 13.9 per cent.

Historical levels and growth rates for the financial aggregates have been revised owing to the resubmission of data by some financial intermediaries.

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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