Swedish M3 Money Supply y/y index reflects a change in the entire money supply circulating in the country's economy. It is a direct reflection of finances in the national economy. Money supply data provide additional, primarily short-term indicators on the real activity of Swedish economy.
The M3 Money Supply includes banknotes and coins in circulation, funds on settlement and current bank accounts, demand and savings deposits, institutional money market funds, repurchase agreements and debt securities. Of these different monetary aggregates, M3 is the most important as it is the most stable. If, for example, only the savings interest rate changes, M1 and M2 are redistributed, while M3 remains constant.
In general, a positive relationship is assumed between the growth of money supply M3 and that of inflation, economic growth and income. This means that an insufficient money supply M3 has negative influences on the other three economic variables. An increase in M3 should therefore have a positive impact on the Swedish krona quotes, as income and inflation will also increase as a result.
The chart of the entire available history of the "Sweden M3 Money Supply y/y" macroeconomic indicator.
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