Euro azone M3 money supply lower than expected in luly

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28 August 2018

Euro azone M3 money supply lower than expected in luly

• Annual growth rate of broad monetary aggregate M3 decreased to 4.0% in July 2018 from 4.5% in June (revised from 4.4%)

• Annual growth rate of narrower aggregate M1, comprising currency in circulation and overnight deposits, decreased to 6.9% in July from 7.5% in June

• Annual growth rate of adjusted loans to households stood at 3.0% in July, unchanged from previous month • Annual growth rate of adjusted loans to non-financial corporations stood at 4.1% in July, unchanged from previous month

UK Trade Sec. Fox: UK Macroeconomic Picture Is ‘Stable’ - CNBC

Eurozone: M3 money supply, adjusted y/y, July 4% (forecast 4.3%)

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