Australian Monetary Aggregates
‘Currency’ comprises holdings of notes and coins by the private non-bank sector.
Chart shows Currency in $Billions (AUD) over time (black line) taken from the Monetary Aggregates series. The $Billions axis was converted to a logarithmic scale and a linear model (purple line) was fit to the data. Calculating percent change in total credit is not recommended from this data as it has not been adjusted for series breaks (RBA).
Chart shows year-on-year percent change in Currency (black line) taken from the Monetary Aggregates series. The RBA does not publish a growth series so it has been calculated from the raw data (RBA). A smoothing (purple) and average (orange dotted) line were added.
Transaction Deposits with ADIs is defined as total transaction deposits at ADIs from the private non-ADI sector.
Chart shows Transaction Deposits with ADIs in $Billions (AUD) over time (black line) taken from the Monetary Aggregates series. The $Billions axis was converted to a logarithmic scale and a linear model (purple line) was fit to the data. Calculating percent change in total credit is not recommended from this data as it has not been adjusted for series breaks (RBA).
Chart shows year-on-year percent change in Transaction Deposits with ADIs (black line) taken from the Monetary Aggregates series. The RBA does not publish a growth series so it has been calculated from the raw data (RBA). A smoothing (purple) and average (orange dotted) line were added.
‘M1’ is defined as ‘Currency’ plus ‘Transaction deposits with ADIs’.
Chart shows M1 in $Billions (AUD) over time (black line) taken from the Monetary Aggregates series. The $Billions axis was converted to a logarithmic scale and a linear model (purple line) was fit to the data. Calculating percent change in total credit is not recommended from this data as it has not been adjusted for series breaks (RBA).
Chart shows year-on-year percent change in M1 (black line) taken from the Monetary Aggregates series. The RBA does not publish a growth series so it has been calculated from the raw data (RBA). A smoothing (purple) and average (orange dotted) line were added.
Certificates of deposit issued by ADIs
Chart shows Certificate of deposit issues by ADIs in $Billions (AUD) over time (black line) taken from the Monetary Aggregates series. The $Billions axis was converted to a logarithmic scale and a linear model (purple line) was fit to the data. Calculating percent change in total credit is not recommended from this data as it has not been adjusted for series breaks (RBA).
Chart shows year-on-year percent change in Certificate of deposit issues by ADIs (black line) taken from the Monetary Aggregates series. The RBA does not publish a growth series so it has been calculated from the raw data (RBA). A smoothing (purple) and average (orange dotted) line were added.
Non-Transaction Deposits with ADIs
Chart shows Non-Transaction Deposits with ADIs in $Billions (AUD) over time (black line) taken from the Monetary Aggregates series. The $Billions axis was converted to a logarithmic scale and a linear model (purple line) was fit to the data. Calculating percent change in total credit is not recommended from this data as it has not been adjusted for series breaks (RBA).
Chart shows year-on-year percent change in Non-Transaction Deposits with ADIs (black line) taken from the Monetary Aggregates series. The RBA does not publish a growth series so it has been calculated from the raw data (RBA). A smoothing (purple) and average (orange dotted) line were added.
‘M3’ is defined as ‘M1’ plus all other deposits at ADIs (including negotiable certificates of deposits) from the private non-ADI sector.
Chart shows M3 in $Billions (AUD) over time (black line) taken from the Monetary Aggregates series. The $Billions axis was converted to a logarithmic scale and a linear model (purple line) was fit to the data. Calculating percent change in total credit is not recommended from this data as it has not been adjusted for series breaks (RBA).
Chart shows year-on-year percent change in M3 (black line) taken from the Growth in Selected Financial Aggregates series. A smoothing (purple) and average (orange dotted) line were added. The grey dotted line shows the percent change year-on-year if calculated from the raw M3 data. Growth data (black line) has been adjusted for series breaks.
Other borrowings from private sector by AFIs
Chart shows Other borrowings from private sector by AFIs in $Billions (AUD) over time (black line) taken from the Monetary Aggregates series. The $Billions axis was converted to a logarithmic scale and a linear model (purple line) was fit to the data. Calculating percent change in total credit is not recommended from this data as it has not been adjusted for series breaks (RBA).
Chart shows Other borrowings from private sector by AFIs (black line) taken from the Monetary Aggregates series. The RBA does not publish a growth series so it has been calculated from the raw data (RBA). A smoothing (purple) and average (orange dotted) line were added.
‘Broad money’ is defined as ‘M3’ plus ‘Other borrowings from private sector by AFIs’.
Chart shows Broad money in $Billions (AUD) over time (black line) taken from the Monetary Aggregates series. The $Billions axis was converted to a logarithmic scale and a linear model (purple line) was fit to the data. Calculating percent change in total credit is not recommended from this data as it has not been adjusted for series breaks (RBA).
Chart shows year-on-year percent change in Broad money (black line) taken from the Growth in Selected Financial Aggregates series. A smoothing (purple) and average (orange dotted) line were added. The grey dotted line shows the percent change year-on-year if calculated from the raw Broad money data. Growth data (black line) has been adjusted for series breaks.
- Data is sourced directly from the Reserve Bank of Australia and compiled using R. Charts created using ggplot2 and published using Plotly.
- From July 2019, the financial aggregates are compiled using an improved conceptual framework and a new data collection. This is referred to as the Economic and Financial Statistics Collection. Various movements from the June 2019 to July 2019 reporting periods are sizable, in part because the new data collection more consistently classifies loans according to their purpose. For more information, see Updates to Australia’s Financial Aggregates (source RBA).
