The annual growth rates of the main monetary aggregates remain unusually elevated, but the growth rate of bank loans has fallen back. Furthermore, although those monetary aggregates are significantly higher than the level 12 months ago, nearly all that expansion occurred in the early stages of the pandemic, with those aggregates showing no growth whatsoever in the past two months.

Read the publication Monetary Indicators Monitor (Jul.) on the Capital Economics Website.

For more info about this post:

View Source


Get notified when there is a new post. Read new post to earn 10 points!

1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)

Leave a Reply

Your email address will not be published. Required fields are marked *