Money growth
At December 31 of 1999, the money supply registered an annual variation of 22.1%. This behavior is explained by the increased of cash holdings, caused by the Y2K influence and by the dynamism of the current accounts which grew by 14.9% during 1999. The private current accounts grew by 18% during the year, while the public grew by 9.2% in the same period
MONEY GROWTH (M1)
Annual Variation
|
MONEY GROWTH
(Annual Variation %)
END OF
QUARTER |
1989 |
1990 |
1991 |
1992 |
1993 |
1994 |
1 |
25.8 |
28.1 |
24.1 |
33.7 |
34.0 |
37.4 |
2 |
27.3 |
26.0 |
25.5 |
44.1 |
30.4 |
30.4 |
3 |
26.0 |
29.4 |
29.7 |
35.5 |
36.6 |
30.0 |
4 |
28.9 |
25.2 |
31.7 |
41.0 |
30.0 |
25.3 |
END OF
QUARTER |
1995 |
1996 |
1997 |
1998 |
1999 pr |
|
1 |
19.4 |
19.3 |
14.9 |
12.2 |
-1.7 |
|
2 |
17.9 |
15.6 |
22.5 |
2.2 |
6.3 |
|
3 |
13.1 |
15.3 |
20.4 |
0.9 |
11.3 |
|
4 |
20.2 |
16.5 |
21.7 |
-3.9 |
22.1
|
|
|
pr: Preliminary.
Source: Banco de la República - Economic studies. |
