Money supply aggregates combine various forms of money that differ in terms of liquidity and serve as indicators of the money supply in an economy. Analyzing their trends and the underlying factors—such as lending or deposits—helps central banks make monetary policy decisions and identify potential risks to price stability or financial stability at an early stage. This allows for a better understanding and management of the effects of monetary policy measures.

Monetary analysis examines developments in the monetary aggregates (M1, M2 and M3) and the balance sheet data which serve as their determinants.

Seasonally and calendar-adjusted time series are provided in addition to the unadjusted figures.Seasonal and calendar adjustment is carried out using the X-13 method in version 2.2.2. of JDemetra+.