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

Image courtesy of Stock.xchng

Image courtesy of Stock.xchng

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

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.




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