Monetary Aggregates and Their Components: Broad Money and Components: M3 for Australia
MABMM301AUM189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,941,900,000,000.00
Year-over-Year Change
4.63%
Date Range
1/1/1960 - 11/1/2023
Summary
The M3 monetary aggregate measures the broad money supply in Australia, providing insights into the level of liquidity and economic activity in the country.
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
M3 is a comprehensive measure of the Australian money supply, including cash, checking deposits, savings deposits, and other liquid assets. It is a key indicator used by policymakers and analysts to assess economic conditions and the effectiveness of monetary policy.
Methodology
The Reserve Bank of Australia collects and calculates the M3 data based on reporting from financial institutions.
Historical Context
M3 data is closely monitored by the Reserve Bank of Australia to inform interest rate decisions and other monetary policy actions.
Key Facts
- M3 is the broadest measure of Australia's money supply.
- M3 includes cash, checking deposits, savings deposits, and other liquid assets.
- M3 data is used by the Reserve Bank of Australia to inform monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The M3 monetary aggregate measures the broad money supply in Australia, including cash, checking deposits, savings deposits, and other liquid assets.
Q: Why is this trend relevant for users or analysts?
A: M3 is a key indicator used by policymakers and analysts to assess economic conditions and the effectiveness of monetary policy in Australia.
Q: How is this data collected or calculated?
A: The Reserve Bank of Australia collects and calculates the M3 data based on reporting from financial institutions.
Q: How is this trend used in economic policy?
A: M3 data is closely monitored by the Reserve Bank of Australia to inform interest rate decisions and other monetary policy actions.
Q: Are there update delays or limitations?
A: The M3 data is published regularly by the Reserve Bank of Australia, with minimal update delays.
Related Trends
Bank's Cost to Income Ratio for Australia
DDEI07AUA156NWDB
Infra-Annual Labor Statistics: Employment Rate Total: 15 Years or over for Australia
LREMTTTTAUA156N
Leading Indicators OECD: Component Series: Business Tendencies Survey: Production: Normalised for Australia
AUSLOCOBPNOSTSAM
Currency Conversions: US Dollar Exchange Rate: Average of Daily Rates: National Currency: USD for Australia
CCUSMA02AUM618N
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Australia
AUSCP020000IXOBQ
National Accounts: GDP by Expenditure: Current Prices: Less: Imports of Goods and Services for Australia
NAEXCP07AUQ189S
Citation
U.S. Federal Reserve, Monetary Aggregates and Their Components: Broad Money and Components: M3 for Australia (MABMM301AUM189S), retrieved from FRED.