Australia’s money supply growth till August 2008

October 16th, 2008

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The last time we reported on Australia’s money supply growth was on April (see Australia?s money supply & credit growth in April 2008). Today, we have an updated chart:

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The year-on-year M3 growth is growing at a decelerating rate since November 2007. In August 2008, it was 18.9% when M3 was at the record high of $1065.9 billion. November 2007 had the highest year-on-year growth of 23.1%. Coincidentally, November 2007 saw the peak of the Australian stock market.

For those who are new here, we recommend What is money? to understand the monetary jargon that we used in this article.

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