Market Updates: M3 Money Supply Slips to 3.8% vs. 4.1% - Forex News by FX Leaders

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

Posted Wednesday, February 27, 2019 by
Arslan Butt • 1 min read

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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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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