Massive jump in M1 Money Supply in Australia

Discussion in 'Current Affairs' started by Alfie, Sep 21, 2019.

  1. Alfie

    Alfie Member

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    Has anyone noticed this?
    "Money Supply M1 in Australia increased to 1014.60 AUD Billion in July from 360.21 AUD Billion in June of 2019. Money Supply M1 in Australia averaged 129.08 AUD Billion from 1975 until 2019, reaching an all time high of 1014.60 AUD Billion in July of 2019 and a record low of 8.25 AUD Billion in February of 1975."

    That's a 282% increase in one month!
    Is the government expecting a run on the banks?
    Does anyone know if this is actually physical fiat or electronic because I thought M1 was physical supply?
    Source: https://tradingeconomics.com/australia/money-supply-m1

     
  2. Oddjob

    Oddjob Well-Known Member Silver Stacker

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