Market Updates: M3 Money Supply Report Soared to 4.3%
Arslan Butt•Thursday, March 28, 2019•1 min read
The European Central Bank released the percentage of growth in the M3 money supply. It shows a change in the total quantity of domestic currency in circulation and deposited in banks.
- As per the ECB report, the annual growth rate of the broad monetary aggregate M3 grew to 4.3% in February 2019 from 3.8% in January.
- The annual growth rate of tighter monetary aggregate M1, comprising currency in current and overnight deposits, raised to 6.6% in February from 6.2% in January.
- The yearly growth rate of adjusted loans to households stood at 3.3% in February, compared with 3.2% in January.
- The annual growth rate of adjusted loans to non-financial enterprises improved to 3.7% in February from 3.4% in January.
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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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