M3 for Australia
MYAGM3AUM189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,038,221,760,997.49
Year-over-Year Change
7.84%
Date Range
3/1/1965 - 6/1/2017
Summary
The M3 for Australia measure is a broad monetary aggregate that tracks the total amount of money supply in the Australian economy. It is a key indicator of economic and financial conditions monitored by policymakers and analysts.
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 includes currency in circulation, deposits, and certain other financial assets held by the public. It provides a comprehensive view of the money supply beyond the narrower M1 and M2 measures, offering insights into liquidity, credit growth, and inflation risks.
Methodology
The Reserve Bank of Australia collects and calculates the M3 data based on reporting from financial institutions.
Historical Context
The M3 trend is used by the RBA, financial markets, and economists to assess the stance of monetary policy and financial system stability.
Key Facts
- M3 includes a broader range of money and financial assets than narrower measures like M1 and M2.
- M3 growth is monitored by central banks as an indicator of inflationary pressures.
- Changes in M3 can signal shifts in credit conditions and economic activity.
FAQs
Q: What does this economic trend measure?
A: The M3 for Australia measure tracks the total amount of money supply in the Australian economy, including currency, deposits, and certain other financial assets.
Q: Why is this trend relevant for users or analysts?
A: M3 provides a comprehensive view of liquidity and credit conditions, offering insights that are monitored by policymakers, financial markets, and economists.
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: The M3 trend is used by the RBA, financial markets, and economists to assess the stance of monetary policy and financial system stability.
Q: Are there update delays or limitations?
A: The M3 data is published on a monthly basis by the Reserve Bank of Australia with minimal delays.
Related Trends
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TDSAMRIAOGGAU
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Electricity, Gas and Other Fuels for Australia
AUSCP040500IXOBQ
Composite Leading Indicators: Reference Series (GDP) Calendar and Seasonally Adjusted for Australia
LORSGPORAUQ659S
Deposit Money Bank Assets to GDP for Australia
DDDI02AUA156NWDB
Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 24 Years for Australia
LFIN24TTAUQ647S
Nominal Exports of Goods for Australia
NXGSAXDCAUQ
Citation
U.S. Federal Reserve, M3 for Australia (MYAGM3AUM189S), retrieved from FRED.