Money growth
At the end of 1998, the money supply
registered a annual decrease of -3.9%. This behavior is explained by the –13.5%
official and private current account fall. This current account trend was partially offset
by the behavior of cash holdings, which grew by 12.2%.
MONEY GROWTH (M1)
Annual Variation
|
MONEY
GROWTH
(Annual Variation %)
| END
OF QUARTER |
1989 |
1990 |
1991 |
1992 |
1993 |
1994 |
1995 |
1996 |
1997 |
1998pr |
1 |
25,8 |
28,1 |
24,1 |
33,7 |
34,0 |
37,4 |
19,4 |
19,3 |
14,9 |
12,2 |
2 |
27,3 |
26,0 |
25,5 |
44,1 |
30,4 |
30,4 |
17,9 |
15,6 |
22,5 |
2,2 |
3 |
26,0 |
29,4 |
29,7 |
35,5 |
36,6 |
30,0 |
13,1 |
15,3 |
20,4 |
0,9 |
4 |
28,9 |
25,2 |
31,7 |
41,0 |
30,0 |
25,3 |
20,2 |
16,5 |
21,7 |
-3,9 |
|
pr: Preliminary.
Source: Banco de la República - Economic studies. |
