According to the report from European Central Bank, the annual growth rate of the broad monetary aggregate M3 decreased to 10.1% in March 2021 from 12.2% in February, averaging 11.6% in the three months up to March. Economists had expected a 10.2% increase. The components of M3 showed the following developments. The annual growth rate of the narrower aggregate M1, which comprises currency in circulation and overnight deposits, decreased to 13.6% in March from 16.4% in February. The annual growth rate of short-term deposits other than overnight deposits (M2-M1) stood at 1.0% in March, unchanged from the previous month. The annual growth rate of marketable instruments (M3-M2) decreased to 7.1% in March from 13.8% in February.

Annual growth rate of adjusted loans to households increased to 3.3% in March from 3.0% in February

Annual growth rate of adjusted loans to non-financial corporations decreased to 5.3% in March from 7.0% in February