Monetary Aggregates and Their Components: Broad Money and Components: M3 for OECD: Europe
OECDEMABMM301IXOBSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
134.87
Year-over-Year Change
20.27%
Date Range
1/1/1980 - 10/1/2019
Summary
The M3 monetary aggregate measures the total amount of broad money supply in the OECD Europe region. It is a key economic indicator tracked by central banks and policymakers to gauge inflationary pressures and guide monetary policy 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
M3 is a comprehensive measure of the European money supply, including currency in circulation, transferable deposits, other deposits, and marketable instruments. As a broad money indicator, M3 provides insights into the overall liquidity and credit conditions in the Eurozone economy.
Methodology
The data is collected and calculated by the OECD based on reports from national central banks.
Historical Context
M3 data is used by the European Central Bank and other policymakers to analyze macroeconomic trends and inform monetary policy actions.
Key Facts
- M3 includes cash, checking accounts, savings accounts, and other liquid assets.
- The Eurozone M3 grew by 6.3% year-over-year as of the latest data.
- M3 is one of the primary monetary policy tools used by the European Central Bank.
FAQs
Q: What does this economic trend measure?
A: The M3 monetary aggregate measures the total amount of broad money supply in the OECD Europe region, including currency, deposits, and other liquid assets.
Q: Why is this trend relevant for users or analysts?
A: M3 is a key economic indicator tracked by central banks and policymakers to gauge inflationary pressures and guide monetary policy decisions in the Eurozone.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the OECD based on reports from national central banks.
Q: How is this trend used in economic policy?
A: M3 data is used by the European Central Bank and other policymakers to analyze macroeconomic trends and inform monetary policy actions in the Eurozone.
Q: Are there update delays or limitations?
A: The M3 data is published on a monthly basis, with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Monetary Aggregates and Their Components: Broad Money and Components: M3 for OECD: Europe (OECDEMABMM301IXOBSAQ), retrieved from FRED.