According to the report from European Central Bank, annual growth rate of broad monetary aggregate M3 increased to 9.2% in June 2020 from 8.9% in May. Economists had expected a 9.3% 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, stood at 12.6% in June, compared with 12.5% in May. The annual growth rate of short-term deposits other than overnight deposits (M2-M1) stood at 0.7% in June, unchanged from the previous month. The annual growth rate of marketable instruments (M3-M2) increased to 10.1% in June from 5.7% in May.

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

Annual growth rate of adjusted loans to non-financial corporations decreased to 7.1% in June from 7.3% in May