Premium Journalist
1 minute read
30 Apr 2015
9:14 am

Money Supply up 12,3 % while credit extension rises 10,24%


The narrowly defined money supply measure of M0 rose by 12, 3 % in March, according to figures released by the Reserve Bank on Thursday.

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M0 comprises of notes and coins in circulation, it stood at R203 529 billion in March. The broadest measure M3 grew by 7,42 % and stood at R2,7 trillion.

Overall credit extension, grew by 10,24% while claims on the domestic private sector, which is the private sector and households excluding banks, grew by 8,88%. Total domestic credit extension stood at R3 trllion. Money supply and credit extension are indicators of underlying economic activity.