According to the report from European Central Bank, the annual growth rate of the broad monetary aggregate M3 increased to 8.9% in May 2020 from 8.2% in April, averaging 8.2% in the three months up to May. 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, increased to 12.5% in May from 11.9% in April. The annual growth rate of short-term deposits other than overnight deposits (M2-M1) increased to 0.7% in May from -0.3% in April. The annual growth rate of marketable instruments (M3-M2) stood at 5.8% in May, compared with 5.9% in April.

Annual growth rate of adjusted loans to households stood at 3.0% in May, unchanged from previous month

Annual growth rate of adjusted loans to non-financial corporations increased to 7.3% in May from 6.6% in April