Financial Aggregates November 2008

Total credit provided to the private sector by financial intermediaries rose by 0.4 per cent over November 2008, following a rise of 0.6 per cent over October. Over the year to November, total credit rose by 8.2 per cent.

Over the month of November, M3 grew by 1.3 per cent and broad money by 0.8 per cent. Over the year to November, broad money grew by 11.5 per cent.

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