AUSTRALIAN BROAD MONEY GROWTH 10.3 PCT IN FEBRUARY
Australian annual broad money growth rose
10.3 pct in February, unchanged from January, but down from the
corresponding February growth rate of 13.9 pct, the Reserve
Bank said.
    February broad money growth was steady at 0.7 pct from the
previous month and unchanged from February last year.
    Borrowings from the private sector by non-bank financial
intermediaries rose by 8.8 pct in the February year from
January's 9.5 pct rise, compared with a 13.6 pct increase in
the previous February year.
    In February, borrowings from the private sector by non-bank
financial intermediaries rose by 1.0 pct compared with
January's 0.2 pct increase and the previous February rise of
1.7 pct.
    At the end of February, broad money stood at 177.1 billion
dlrs up from January's 175.84 billion and compared with the
previous February level of 160.60 billion.
    The Reserve Bank last week reported a February M3 growth
rate of 11.2 pct from January's 10.7 pct rise and a previous
annual February increase of 14.0 pct.
 REUTER
