Financial Aggregates March 2004

Total credit provided to the private sector by financial intermediaries rose by 0.9 per cent over March 2004, following a rise of 0.7 per cent over February. Over the year to March, total credit rose by 15.2 per cent.

M3 increased by 1.2 per cent and broad money rose by 0.9 per cent over March. Over the year to March, M3 increased by 13.9 per cent and broad money rose by 12.9 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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