Financial Aggregates June 2006

Total credit provided to the private sector by financial intermediaries rose by 1.2 per cent over June 2006, following a rise of 1.1 per cent over May.  For the year to June, total credit rose by 14.2 per cent.

Over the month of June, M3 grew by 1.0 per cent and broad money by 1.1 per cent. Over the year to June, broad money rose by 8.9 per cent.

Historical levels and growth rates for the financial aggregates have been revised owing to the resubmission of data by some financial intermediaries and the receipt of quarterly data from the ABS.

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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