Styringen af pengepolitikken var i øvrigt stram, og væksten i banklån givningen til den private sektor — 16,8% — var meget mindre end forventet, således at væksten i M3 kunne begrænses til 20,2%.
Further, the administration of credit policy was strict and the growth of bank lending to the private sector was, at 16,8%, much less than projected, enabling M3 growth to be held to 20,2%.