South Africa M3 Money Supply YoY

ZAR
Actual
6.58%
Forecast
7.05%
Previous
7.65%
Latest Release
Feb 29, 2024
Importance
Source
Overview
The terms M1, M2, M3 refer to the monetary aggregates. Monetary Aggregate or money supply is the quantity of money available within the economy to purchase goods, services, and securities. M1: Technically defined this is the sum of: the tender that is held outside banks, travelers checks, checking accounts (but not demand deposits), minus the amount of money in the Federal Reserve float. M2: The sum of: M1, savings deposits (this would include money market accounts from which no checks can be written), small denomination time deposits, retirement accounts. M3: M2 plus long-term deposits held by the domestic private sector. The monetary aggregates have been revised to include promissory notes. The monetary aggregates have always included negotiable certificates of deposit but excluded promissory notes, earlier on.
Historical Data
Release Date
Time
Actual
Forecast
Previous
Feb 29, 2024 (Jan) 08:00 6.58% 7.05%
7.65%
Jan 30, 2024 (Dec) 08:00 7.63% 5.50%
5.46%
Dec 29, 2023 (Nov) 08:00 5.46% 5.90%
6.08%
Nov 29, 2023 (Oct) 08:00 6.08% 7.10%
7.67%
Oct 30, 2023 (Sep) 08:00 7.67% -
8.53%
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South African M3 Money Supply News & Analysis
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    Rand Report: Further Rand Weakness

    The Rand had a tough week against the major currencies despite a weak dollar. The Rand weakened against the US Dollar from a low of R18.27 to a current rate of R18.74. Similarly, the Rand...

    • Sable International
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    Rand Strengthens Despite Global Headwinds

    The Rand had a strong week compared to the G10 currencies. Gaining between 0.34% against the New Zealand Dollar (NZD) and 2.82% against the Swiss Franc (CHF), it also did well when compared...

    • Sable International
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    The Week Ahead

    US jobsIn the week ending Mar 19, the advance figure for seasonally adjusted initial claims was 187000, a decrease of 28 000 from the previous week's revised level. This is the lowest level...

    • INCE|Connect
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    The Week Ahead

    US jobsIn the week ending Jan 22, the advance figure for seasonally adjusted initial claims was 260 000, a decrease of 30 000 from the previous week's revised level. The previous week's...

    • INCE|Connect
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