Australian M3 – growing but still below trend
Posted on 31 March 2010
While I’m updating charts – here is the latest M3 data from the RBA:
From my view in the pews, I reckon it’s unlikely that we’ll have the money supply growth that we enjoyed in the noughties. More likely, with debt levels elevated at the consumer level (not corporates – they are looking pretty darn healthy), we are more likely to see something like pattern that prevailed post 87 and through the 90′s.
3 responses to Australian M3 – growing but still below trend
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It would be interesting to see this year over year versus a monthly chart. May help eliminate some of the noise…
Thanks Greg. I’ll re-format the data and see what it throws up. (Apologies for the tardy response – that Easter bunny has been a bit of a distraction.)
I know what you mean.