Signals › Monetary Policy, Rates & Liquidity
The 2022-23 contraction was the first since the 1930s.
Billions of Dollars · observation 2026-08-01, published 2026-09-22
Last 24 observations.
Inside the normal range. Not a strong reading either way.
Monetary Policy, Rates & Liquidity: Model the policy reaction function explicitly rather than treating policy as an exogenous shock. The model averages the standardised signals in each block into a block score, then combines the twelve block scores in a probit. Today the 12-block model reads 1.6%.