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Market Updates: M3 Money Supply Slips to 3.8% vs. 4.1%

The European Central Bank just released the M3 Money Supply for the Eurozone. For newbies, it shows a change in the total value of new loans issued to consumers and businesses in the private sector. Borrowing and spending are positively correlated – consumers and businesses tend to seek credit when they are confident in their future financial position and when they feel comfortable spending money.

The annual growth rate of broad monetary aggregate M3 decreased to 3.8% in January 2019 from 4.1% in December 2018. The annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits – M3, decreased to 3.8% in January 2019.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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