Money Supply (M3)

Indicator of money supply (M3) (Money Supply)

Is a comprehensive measure of the amount of money offered, including includes all of the paper money and coins and bank deposits, and is one of the key indicators to measure inflation.

The index consists of:

• M1, which included that are traded currency + bank money.

• M2 which includes deposits on maturity agreed.

Release date:

Issued after the end of the month index by 28 days.

Type Indicator:

Monetary policy and interest rates.

Source:

Index issued by the European Central Bank European Central Bank

http://www.ecb.int/pub/mb/html/index.en.html

The degree of influence:

Average impact, and if the real value of the index when it is published larger than expected so that is a positive for the currency, but if the real value of the index when it is published less than expected, so that is a negative for the currency.