Broad money (M3) reflects the overall supply of money in the economy, including various forms of liquid assets held by the public.
It includes currency in circulation, deposits with an agreed maturity of up to two years, deposits redeemable at notice of up to three months, repurchase agreements, money market fund shares or units, and debt securities with a maturity of up to two years. This broad measure provides insight into monetary trends and liquidity in the financial system.
The indicator is presented as a seasonally adjusted index, with 2015 as the reference year.
