Where Data Tells the Story
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Broad money (M2/M3) growth from September 2024 to September 2025 among the top 20 economies ranged widely, from a high of 70.0% in Argentina and 39.0% in Turkey to a low of 1.0% in Japan and 2.7% in the Euro Area. Overall, broad money growth in advanced economies tended to be lower than in emerging markets.