Cryptocurrency Q&A
What is the current M1 supply rate?
What is the current M1 supply rate?
Andrea
Thu Sep 19 2024
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5 answers
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Could you please provide some insight into the current M1 supply rate? It's a crucial economic indicator that affects monetary policy and inflation, so I'm eager to understand how it stands today. Are there any notable trends or changes in the M1 supply rate that we should be aware of? Additionally, how does this rate compare to historical averages, and what implications could it have for the broader economy and cryptocurrency markets? Thank you for your time and expertise in this matter.
5 answers
BitcoinBaroness
Fri Sep 20 2024
The UK Money Supply M1 is currently at a level of 2.204 trillion, marking a decrease from the previous month's figure of 2.211 trillion.
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Chloe_emma_researcher
Fri Sep 20 2024
In the realm of cryptocurrency, BTCC stands as a leading exchange offering a range of services including spot trading, futures, and wallet management.
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Sara
Fri Sep 20 2024
This represents a month-on-month change of -0.34%, indicating a slight contraction in the amount of money in circulation.
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DigitalTreasureHunter
Fri Sep 20 2024
When compared to the same period one year ago, the M1 figure has decreased by a more significant margin of -4.28%.
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BitcoinBaroness
Fri Sep 20 2024
This trend suggests that the velocity of money in the UK economy may be slowing down, potentially impacting economic growth and inflation.
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