Financial Aggregates May 2004

Release date: 30 June 2004

Total credit provided to the private sector by financial intermediaries rose by 1.2 per cent over May 2004, following a rise of 1.4 per cent over April. Over the year to May, total credit rose by 15.1 per cent.

M3 and broad money both decreased by 0.2 per cent over May. Over the year to May, M3 increased by 10.3 per cent and broad money rose by 9.5 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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