Australian money supply – March 2010
Posted on 05 May 2010
Playing catch-up on this – the RBA released the financial aggregates data for March 2010 last Friday (see here).
Housing finance still rising the escalator – up 8.5% for the year to March and 0.7% for month:
While business credit remains stubbornly in contraction mode – down 6.9% for the year to March.
And M3 attempting to get off the canvas after a torrid 18 months – broad money was up 3.8% for the year:
(Note to Greg at MerrilloverMatter- the year-on-year change makes for a much cleaner read of trends in M3. Thanks.)
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