Financial Aggregates August 2006

Release date: 29 September 2006

Total credit provided to the private sector by financial intermediaries rose by 0.9 per cent over August 2006, following a rise of 1.2 per cent over July. For the year to August, total credit rose by 14.4 per cent.

Over the month of August, M3 grew by 1.2 per cent and broad money by 1.3 per cent. Over the year to August, broad money rose by 10.5 per cent.

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

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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