The year on year growth rate for the combined money supply of the U.S., Euro Area and the UK fell to 4.87% in August, the lowest since April 2013. The aggregate money supply is measured in US$.
The drop in the growth rate was primarily driven by a drop in the growth rates of the Euro Area and the UK money supply in US dollar terms.
As of August, the U.S. money supply made up 41.4% of the combined total, the Euro Area money supply made up 45.7% while the share of the UK money supply was 12.9% of the total.
As of August, the U.S. money supply made up 41.4% of the combined total, the Euro Area money supply made up 45.7% while the share of the UK money supply was 12.9% of the total.
