Total Credit Growth YoY reflects the annual percentage change in the total amount of credit extended by financial institutions to the private and public sectors. It is a key indicator of liquidity in the financial system and overall economic activity. Excessive credit growth can signal future inflationary pressures or asset bubbles.
Central banks calculate this by aggregating the balance sheets of all commercial banks and financial intermediaries. The total includes loans, mortgages, and corporate bonds held by the banking system.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Feb 23, 2025 | 3.60 | — | — |
| Jan 21, 2025 | 4.20 | 6.70 | -2.50 |
| Dec 23, 2024 | 6.90 | 6.40 | +0.50 |
| Nov 21, 2024 | 6.40 | 7.20 | -0.80 |
| Oct 21, 2024 | 7.00 | 6.00 | +1.00 |
| Sep 23, 2024 | 7.45 | 5.60 | +1.85 |
| Aug 21, 2024 | 5.30 | 3.70 | +1.60 |
| Jun 23, 2024 | 5.10 | 4.50 | +0.60 |
| May 22, 2024 | 4.70 | 4.50 | +0.20 |
| Apr 21, 2024 | 4.90 | 4.20 | +0.70 |
| Mar 21, 2024 | 5.80 | — | — |
| Feb 21, 2024 | 6.50 | — | — |
| Jan 22, 2024 | 2.90 | — | — |
| Dec 21, 2023 | 4.90 | — | — |
| Nov 22, 2023 | 5.60 | — | — |
| Oct 23, 2023 | 4.50 | — | — |
