Market news
26.03.2020, 09:20

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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