Australia and money supply growth

Over the month of November, M3 increased by 0.6 per cent and broad money increased by 0.5 per cent.

Over the year to November, broad money grew by 5.8 per cent.
 
Over the month of December, M3 increased by 0.6 per cent and broad money increased by 0.5 per cent.

Over the year to December, broad money grew by 5.8 per cent

(all the same as November)
 
January 2014
M3 0.8% over the month, 6.8% YOY
Broad Money 0.7% over the month, 6.1% YOY

Feburary 2014
M3 0.7% over the month, 7.4% YOY
Broad money 0.8% over the month, 6.8% YOY

March 2014
M3 0.3% over the month, 6.9% YOY
Broad money 0.3%, 6.5% YOY
 
April 2014 Money Supply Growth
M3 0.8% over the month, 6.9% YOY
Broad Money 0.9% over the month, 6.4% YOY

May 2014 Money Supply Growth
M3 0.4% over the month, 6.5% YOY
Broad Money 0.5% over the month, 6.5% YOY

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For Contrast - Historical RBA Peak Monetary Inflation

January 2008 Money Supply Growth
M3 1.4% over the month, 23.8% YOY
Broad Money 1.0% over the month, 19.6% YOY

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For Regional Context

Chinese May 2014 Money Supply Growth
M2 13.4% YOY

Source: http://www.bloomberg.com/quote/CNMS2YOY:IND

Chinese Recent Historical M2 Growth
20140414_china2_0.png

Source: http://www.zerohedge.com/news/2014-...bles-money-supply-growth-plunges-13-year-lows

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For Understanding Consequences

What happens if people expect that, in the future, the money-supply growth rate will increase to ever-higher rates? The demand for money would, sooner or later, collapse. Such an expectation would lead (relatively quickly) to a point at which no one would be willing to hold any money as people would expect money to lose its purchasing power altogether. People would start fleeing out of money entirely. This is what Mises termed a crack-up boom:[2]

If once public opinion is convinced that the increase in the quantity of money will continue and never come to an end, and that consequently the prices of all commodities and services will not cease to rise, everybody becomes eager to buy as much as possible and to restrict his cash holding to a minimum size. For under these circumstances the regular costs incurred by holding cash are increased by the losses caused by the progressive fall in purchasing power. The advantages of holding cash must be paid for by sacrifices which are deemed unreasonably burdensome. This phenomenon was, in the great European inflations of the 'twenties, called flight into real goods (Flucht in die Sachwerte) or crack-up boom (Katastrophenhausse). Everybody is anxious to swap his money against "real" goods, no matter whether he needs them or not, no matter how much money he has to pay for them. Within a very short time, within a few weeks or even days, the things which were used as money are no longer used as media of exchange. They become scrap paper. Nobody wants to give away anything against them.[4]

See: http://wiki.mises.org/wiki/Hyperinflation
Click to expand...
 
June 2014 Money Supply Growth
M3 0.7% over the month, 7.0% YOY
Broad Money 0.6% over the month, 7.0% YOY


July 2014 Money Supply Growth
M3 1.0% over the month, 7.5% YOY
Broad Money 0.9% over the month, 7.3% YOY

... more currency printed at an increasing rate.

For Regional Context...

Chinese June 2014 Money Supply Growth
M2 14.7% YOY

Chinese July 2014 Money Supply Growth
M2 13.5% YOY
 
June 2014 Money Supply Growth (revised up)
M3 0.7% over the month, 7.0% YOY
Broad Money 0.7% over the month, 7.0% YOY

July 2014 Money Supply Growth (revised up)
M3 1.1% over the month, 7.6% YOY
Broad Money 1.0% over the month, 7.4% YOY

August 2014 Money Supply Growth
M3 0.5% over the month, 8.2% YOY
Broad Money 0.5% over the month, 7.9% YOY

... more currency printed, still at an increasing rate.

For Regional Context...

Chinese August 2014 Money Supply Growth
M2 12.84% YOY

Chinese September 2014 Money Supply Growth
M2 12.9% YOY
 
aleks said:
Out of the 417 odd months Since 1976 of reporting figures in M3, twenty three of them have been deflationary

Nov 1986 -0.1%
Jan 1991 -1.0%
Arp 1991 -0.2%
Oct 1991 -0.4%
Nov 1991 -0.2%
Mar 1992 -0.5%
Oct 1992 -0.1%
Apr 1993 -0.1%
Aug 1993 -0.4%
Dec 1993 -0.1%
May 1996 -0.1%
Sep 1996 -0.1%
Nov 2000 -1.0%
Apr 2001 -0.3%
Jul 2001 -0.4%
Jun 2002 -1.2%
Oct 2005 -0.1%
Mar 2009 -0.2%
Sep 2009 -0.1%
Oct 2009 -0.1%
Nov 2009 -0.2%
Dec 2009 -0.2%
Jun 2011 -0.5%
Click to expand...

Bumping this thread, I get the feeling the RBA has changed the tables and data slightly.

The tables are now seasonally adjusted? Or were they always a like this? Some of these figures quoted above have changed and can't see why they would be making revisions years later.
 
Updated M3 figures monthly and yearly growth seasonally adjusted

October 2014
0.3% 7.9%

November 2014
0.4% 7.6%

December 2014
0.6% 7.7%

January 2015
0.5% 7.3%

February 2015
1.1% 7.9%%
 
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