Source | |
Measures | Change in the total quantity of domestic currency in circulation and deposited in banks; |
Usual Effect | 'Actual' greater than 'Forecast' is good for currency; |
Frequency | Released monthly, about 11 days after the month ends; |
Next Release | |
FF Notes | Much of this data is released in the Monetary Base report about a week earlier; |
Why Traders Care | It's positively correlated with interest rates - early in the economic cycle an increasing supply of money leads to additional spending and investment, and later in the cycle expanding money supply leads to inflation; |