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GLOBAL MONETARY BASE
Global Monetary Base Updates
Historical and Forecast Updates and Reports on the GMB


Global Monetary Base - Update through March 2025 and 2025 Forecast
The team at Infrastructure Capital Advisors tracks the Global Monetary Base, defined as currency in circulation plus bank reserves, as an indicator of current and future interest rates. This article provides data and insights through March 2025 with data released in April 2025.

InfraCap Management
Apr 291 min read
68 views


Global Monetary Base - Update through December 2024 and 2025 Forecast
The team at Infrastructure Capital Advisors tracks the Global Monetary Base, defined as currency in circulation plus bank reserves

InfraCap Management
Jan 171 min read
117 views


Global Monetary Base - Update through September 2024 and 2025 Forecast
GMB was down 0.7% in September and was lower by $520 billion over the last twelve months. We believe that tight global monetary policy ...

InfraCap Management
Nov 8, 20242 min read
111 views


October 2024 Market & Economic Outlook Report & Webinar Invite
Top Insights for Oct: The monetary base is down $30bn YoY (approximately 0.60%). Typically, the monetary base grows by approximately 5% ...

InfraCap Management
Oct 6, 202412 min read
576 views


We Estimate a $2 Trillion Liquidity Injection By Central Banks in 2024 - Global Monetary Base Update through Feb 2024
We are forecasting that global central banks increase liquidity by approximately $2 Trillion (8%) in 2024 to lower the policy rate by ...

InfraCap Management
Apr 1, 20242 min read
557 views


Global Monetary Base - January 2024 Update
While the GMB was up 1% in December, it is still lower by $430 billion over the last 18 months. We believe that tight global monetary policy

InfraCap Management
Jan 9, 20242 min read
592 views
See Other Top InfraCapStories and Reports


Claims and PPI Confirm Our StagDeflation Call
Unemployment claims, a critical leading indicator of the job market, increased with weekly claims up to 248k vs. expectations of 242k and continuing claims rising to 1,956k vs. expectations of 1,910k.


Cool CPI Validates Our Stag Deflation Call
Importantly, the deeply lagged shelter component finally decelerated with rent declining to .2% from .3% and owners equivalent rent declining to .3% from .4%.


PCE Validates our StagDeflation Call
PCE Core-R, adjusted to use market rents, is at the Fed’s arbitrarily low 2% target. We continue to think that tariffs will not have a material impact on inflation
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