Euro M3 grows 1.7% in Q4

Via Europa:

The M3 QoQ Money supply grew in December at 1.7%.  The total M3 for in Euro is 9,525.1

The European Money Supply calculates all currency in circulation from such things as bank deposits, repurchase agreements, debt securities up to 2 years and the value of money market shares. It is regarded as an important indicator of inflation as monetary expansion adds pressure to the exchange rate. A better than expected value is considered as bullish for the Euro.


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