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Börse Express – Eurozone: Money supply is growing faster than expected



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In the euro area, growth in
The money supply strengthened again in March. The broad money stock M3
year-on-year at 4.5 percent, as
The Central Bank (ECB) announced on Monday in Frankfurt. The analysts had
on average, only the expected growth of 4.2%. In the previous month
the increase was 4.3% and 3.8% in January.

Growth of the narrower M1 increased from 6.6
Percentage in the previous month to 7.4%. M1 is due to high
Participation of short-term bank deposits as an economic indicator.

The dynamics of credit, on the other hand, weakened. O
Lending to households in March was 3.2%
compared to 3.3% in February. O
Growth rate of loans to companies outside the private sector
Financial sector fell from 3.8% in the previous month to 3.5
Prozent./jkr/bgf/fba

AXC0090 2019-04-29 / 10: 19

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