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- Eurozone M3 money supply growth unexpectedly accelerated in February
Eurozone M3 money supply growth unexpectedly accelerated in February
According to the report from European Central Bank, annual growth rate of broad monetary aggregate M3 increased to 5.5% in February 2020 from 5.2% in January. Economists had expected a 5.2% increase
Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, increased to 8.1% in February from 7.9% in January. The annual growth rate of short-term deposits other than overnight deposits (M2-M1) was -0.4% in February, compared with -0.2% in January. The annual growth rate of marketable instruments (M3-M2) increased to 2.5% in February from -0.7% in January.
Annual growth rate of adjusted loans to households stood at 3.8% in February, compared with 3.7% in January
Annual growth rate of adjusted loans to non-financial corporations decreased to 3.0% in February from 3.2% in January
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