graph_Graph 7_B4B71477

Growth of credit in major currencies¹

Year-on-year changes, in per cent

Graph 7

A. Total

B. Bank loans

C. Debt securities

¹ For residents, credit in US dollars to borrowers in the United States, in euros to borrowers in the euro area, and in Japanese yen to borrowers in Japan. The calculation of year-on-year growth rates is based on the quarterly changes adjusted for breaks in series and exchange rate fluctuations. For more information, see the GLI methodology.

Source: BIS global liquidity indicators.