Financial data for the month of October: continued decline in monetary policy effectiveness
RudolphCora
Jun 14
Column of the opinion leader of the new wave (Bkopleader) Financial data are weaker than expected, and M2 pursues the lowest rate in history. At the end of October, the M2 balance of $179.56 million, representing an increase of 8 per cent, was 0.3 and 0.9 percentage points below the end of the previous month and the same period last year, respectively; the M1 balance of $54.01 million, representing an increase of 2.7 per cent, with an increase of 1.3 and 10.3 percentage points below the same ...
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