Monday, 30 March 2015

The Aggregate Money Supply for the U.S., Eurozone and the UK Plunges Further In February

The Aggregate Money Supply for the U.S., Eurozone and the UK, as measured in US dollar terms, plunged 4.94% in February on last year according to date released by the three central banks.

This was the biggest y/y drop in the money supply since June 2010.

The decline in the aggregate money supply was again driven by a strengthening of the US dollar and a further significant fall in the UK money supply.