Broad money growth (annual %)

This economic indicator reflects the annual percentage change in the total amount of money within an economy, encompassing various forms of liquid assets. It includes currency held by the public, such as banknotes and coins, alongside demand deposits that are easily accessible, excluding those from the central government. Additionally, it covers time deposits, savings, and foreign currency accounts held by residents, as well as instruments like bank checks and short-term securities, including certificates of deposit. Monitoring this growth is crucial, as it provides insights into liquidity levels and credit availability, influencing inflation rates, economic stability, and monetary policy effectiveness in stimulating or cooling down economic activity. Source: