Monetary Aggregates and Their Components: Broad Money and Components: M3 for Australia
MABMM301AUA189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,821,400,000,000.00
Year-over-Year Change
115.05%
Date Range
1/1/1960 - 1/1/2022
Summary
The Broad Money and Components: M3 for Australia trend measures the total money supply in the Australian economy, including cash, checking deposits, and other highly liquid assets. It is a key indicator of monetary policy and economic activity.
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
The M3 monetary aggregate is a broad measure of the Australian money supply, encompassing cash, checking deposits, savings deposits, and other highly liquid financial assets. It is used by economists and policymakers to assess the overall level of liquidity in the economy and to inform monetary policy decisions.
Methodology
The data is collected and calculated by the Reserve Bank of Australia based on reports from financial institutions.
Historical Context
Trends in M3 are closely monitored by the Reserve Bank of Australia and financial markets to gauge inflationary pressures and the effectiveness of monetary policy actions.
Key Facts
- M3 is the broadest measure of the Australian money supply.
- M3 includes cash, checking deposits, and other highly liquid assets.
- Changes in M3 can signal inflationary or deflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The Broad Money and Components: M3 for Australia trend measures the total money supply in the Australian economy, including cash, checking deposits, and other highly liquid assets.
Q: Why is this trend relevant for users or analysts?
A: Trends in M3 are used by economists and policymakers to assess the overall level of liquidity in the economy and to inform monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Reserve Bank of Australia based on reports from financial institutions.
Q: How is this trend used in economic policy?
A: Trends in M3 are closely monitored by the Reserve Bank of Australia and financial markets to gauge inflationary pressures and the effectiveness of monetary policy actions.
Q: Are there update delays or limitations?
A: The data is published regularly by the Reserve Bank of Australia, but there may be some delays in reporting due to the nature of the underlying financial institution reports.
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Citation
U.S. Federal Reserve, Monetary Aggregates and Their Components: Broad Money and Components: M3 for Australia (MABMM301AUA189N), retrieved from FRED.