Year-over-year growth in the United Arab Emirates’ M3 money supply moderated in August 2026, easing to 12.50% from 13.80% in July 2026. The latest data, updated on 14 October 2026, indicate a continued deceleration in broad liquidity expansion across the economy.
The M3 measure, which tracks the broadest definition of money in circulation and bank deposits, is reported on a year-over-year basis, comparing each month’s level with the same month a year earlier. In this case, the August 2026 reading reflects how money supply has changed relative to August of the previous year, while the July 2026 figure captured the change versus July a year earlier.
The slowdown in August suggests that, while liquidity in the UAE economy is still expanding at a double-digit pace, the rate of increase is cooling compared to earlier in the year. Investors and analysts may watch upcoming releases closely to assess whether this trend continues and what it may signal for broader financial conditions.
