Broad Money for Australia
BRDMNYAUM189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,520,620.27
Year-over-Year Change
6.42%
Date Range
12/1/2001 - 4/1/2025
Summary
Broad Money for Australia measures the total amount of currency and other liquid financial assets circulating in the Australian economy. It is a key indicator of monetary conditions and can inform policymakers' decisions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Broad Money is a comprehensive measure of the Australian money supply, including cash, checking deposits, and other highly liquid financial instruments. It provides insights into the level of economic activity and can signal inflationary pressures.
Methodology
The data is collected and calculated by the Reserve Bank of Australia based on reporting from financial institutions.
Historical Context
Broad Money trends are monitored by the Reserve Bank of Australia and other economic analysts to assess the stance of monetary policy and economic conditions.
Key Facts
- Broad Money in Australia reached a record high of AU$3.1 trillion in 2021.
- The money supply grew by over 7% in 2020 amid the COVID-19 pandemic.
- Broad Money is a key input for the Reserve Bank of Australia's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: Broad Money for Australia measures the total quantity of the most liquid financial assets in circulation within the Australian economy.
Q: Why is this trend relevant for users or analysts?
A: Broad Money is a comprehensive indicator of monetary conditions and can signal inflationary pressures, informing policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The Reserve Bank of Australia collects and calculates Broad Money data based on reporting from financial institutions.
Q: How is this trend used in economic policy?
A: Broad Money trends are monitored by the Reserve Bank of Australia to assess the stance of monetary policy and overall economic conditions.
Q: Are there update delays or limitations?
A: The Broad Money data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Broad Money for Australia (BRDMNYAUM189N), retrieved from FRED.