Monday, 29 September 2014

The Combined Money Supply Growth Rate for the U.S., Euro Area and the UK Falls to 16 Month Low

The year on year growth rate for the combined money supply of the U.S., Euro Area and the UK fell to 4.87% in August, the lowest since April 2013. The aggregate money supply is measured in US$.

The drop in the growth rate was primarily driven by a drop in the growth rates of the Euro Area and the UK money supply in US dollar terms.

As of August, the U.S. money supply made up 41.4% of the combined total, the Euro Area money supply made up 45.7% while the share of the UK money supply was 12.9% of the total.