EZ M3 Money Supply y/y
Track EZ M3 Money Supply y/y to gauge economic cycles and potential inflation impacts, key for Forex strategies.
Overview
There is a positive correlation with interest rates. Early in the economic cycle, an increase in the money supply drives more spending and investment, while later in the cycle, a growing money supply can result in inflation. Note that the calculation formula for this series was modified in May 2001.
Key Information
What it Measures
This metric reflects the total amount of domestic currency in circulation and the funds deposited in banks.
Usual Effect
If the 'Actual' figure exceeds the 'Forecast', it typically supports a stronger currency.
Source & Frequency
European Central Bank (latest release) - https://www.ecb.europa.eu/home/html/index.en.html • Data is released on a monthly basis, approximately 28 days after the conclusion of each month.
How Data is Derived
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Also Known As
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Acronym
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