Market Updates: M3 Money Supply Report Soared to 4.3% - Forex News by FX Leaders

Market Updates: M3 Money Supply Report Soared to 4.3%

Posted Thursday, March 28, 2019 by
Arslan Butt • 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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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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