According to the report from European Central Bank, the annual growth rate of the broad monetary aggregate M3 increased to 5.7% in August 2019 from 5.1% in July, averaging 5.1% in the three months up to August. Economists had expected a 5.1% increase.

The annual growth rate of the narrower aggregate M1, which comprises currency in circulation and overnight deposits, increased to 8.4% in August from 7.8% in July. The annual growth rate of short-term deposits other than overnight deposits (M2-M1) increased to 1.0% in August from 0.1% in July. The annual growth rate of marketable instruments (M3-M2) was -2.9% in August, compared with -1.6% in July.

Annual growth rate of adjusted loans to households stood at 3.4% in August, unchanged from previous month

Annual growth rate of adjusted loans to non-financial corporations increased to 4.3% in August from 4.0% in July