This indicator measures the year-over-year change in the broad money supply (M3) in Hong Kong.
Releases at
10:30
Saturday, October 3, 2026 at 10:30
The M3 money supply reflects the total amount of money circulating in the economy, including cash, deposits, and other liquid assets.
Changes in M3 can signal shifts in economic activity and liquidity conditions, which are relevant for monetary policy decisions by the Hong Kong Monetary Authority (HKMA).
Investors watch M3 growth to gauge inflationary pressures and the potential direction of interest rates, although it is considered a lower-impact indicator compared to others like inflation or employment data.
May indicate increased liquidity and potential inflationary pressure, possibly leading to expectations of tighter monetary policy.
Could suggest reduced liquidity and slower economic activity, potentially easing pressure on interest rates.
Likely to have minimal immediate impact on markets as it confirms current economic outlook.