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.
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Citation
U.S. Federal Reserve, Monetary Aggregates and Their Components: Broad Money and Components: M3 for Australia (MABMM301AUM189S), retrieved from FRED.