Monetary developments in the euro area

Market news

27 July 2016

Monetary developments in the euro area

• The annual growth rate of the broad monetary aggregate M3 stood at 5.0% in June 2016, after 4.9% in May 2016.

• The annual growth rate of the narrower aggregate M1, which includes currency in circulation and overnight deposits, decreased to 8.6% in June, from 9.1% in May.

• The annual growth rate of loans to households stood at 1.7% in June, compared with 1.6% in May.

• The annual growth rate of loans to non-financial corporations stood at 1.7% in June, compared with 1.6% in May (revised from 1.4%)1 .

United Kingdom: GDP, q/q, Quarter II 0.6% (forecast 0.4%)

Eurozone: Private Loans, Y/Y, June 1.7% (forecast 1.7%)

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