Financial Aggregates December 2007

Release date: 31 January 2008

Total credit provided to the private sector by financial intermediaries rose by 1.1 per cent over December 2007, following a rise of 1.7 per cent over November. Over the year to December, total credit rose by 16.5 per cent.

Over the month of December, M3 grew by 1.3 per cent and broad money by 1.4 per cent. Over the year to December, broad money grew by 19.0 per cent.

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

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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