• Eurozone: monetary aggregate M3 growth accelerated sharply in March

Market news

29 April 2020

Eurozone: monetary aggregate M3 growth accelerated sharply in March

According to the report from European Central Bank, the annual growth rate of the broad monetary aggregate M3 increased to 7.5% in March 2020 from 5.5% in February, averaging 6.0% in the three months up to March. Economists had expected a 5.5% increase.

Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, increased to 10.3% in March from 8.1% in February

Annual growth rate of adjusted loans to households decreased to 3.4% in March from 3.7% in February

Annual growth rate of adjusted loans to non-financial corporations increased to 5.4% in March from 3.0% in February

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