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- Eurozone monetary aggregate M3 growth decreased to 4.5% in June
Eurozone monetary aggregate M3 growth decreased to 4.5% in June
According to the report from European Central Bank (ECB), annual growth rate of the broad monetary aggregate M3 decreased to 4.5% in June 2019 from 4.8% in May, averaging 4.7% in the three months up to June. Economists had expected decreased to 4.7%.
The annual growth rate of the narrower aggregate M1, which comprises currency in circulation and overnight deposits, stood at 7.2% in June, unchanged from the previous month.
The annual growth rate of short-term deposits other than overnight deposits (M2-M1) decreased to -0.1% in June from 0.7% in May. The annual growth rate of marketable instruments (M3-M2) was -3.7% in June, compared with -2.7% in May.
Annual growth rate of adjusted loans to households stood at 3.3% in June, unchanged from previous month
Annual growth rate of adjusted loans to non-financial corporations stood at 3.8% in June, unchanged from previous month
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