According to the report from European Central Bank, the annual growth rate of the broad monetary aggregate M3 increased to 11.0% in November 2020 from 10.5% in October, averaging 10.6% in the three months up to November. 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 14.5% in November from 13.8% in October. The annual growth rate of short-term deposits other than overnight deposits (M2-M1) decreased to 1.2% in November from 1.4% in October. The annual growth rate of marketable instruments (M3-M2) increased to 14.7% in November from 13.8% in October.

Annual growth rate of adjusted loans to households stood at 3.1% in November, compared with 3.2% in October

Annual growth rate of adjusted loans to non-financial corporations stood at 6.9% in November, compared with 6.8% in October