Macroeconomic Indicators (12 May 2012)

The growth in the main monetary and banking indicators had sharply come down as of end March 2012 over end March 2011 - the growth of M3 from 16.1% to 12.9% and that of bank credit to the commercial sector from 21.35% to 16.8%. The growth in currency with the public fell from 18.8% to 12.6% and that of time deposits from 18.3% to 15.4%. The growth in demand deposits in fact turned negative by (-) 3.1% over a negligible increase of 0.7%.